3 hours ago

Bitcoin Outflows Hit 3-Year Low as Holders Tighten Grip on Supply

TLDR: The 14-day Bitcoin exchange netflow average shows outflows of 7,500 BTC, the lowest level in three years. Investors are withdrawing coins from exchanges even as Bitcoin trades above $124,000 this week. Analysts suggest the trend signals lower selling pressure and stronger long-term conviction among holders. Some traders warn cycle believers may still sell soon, [...]

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Source: Blockonomi →