$2.5 Billion in Bitcoin Flows Out of Centralized Exchanges: Time to Buy?

in mining1024 •  8 months ago 

Over $2.5 billion worth of Bitcoin has recently been withdrawn from centralized exchanges, signaling a possible bullish trend. This significant outflow suggests increasing investor confidence and a potential supply crunch, which could drive up Bitcoin's price. The movement of BTC from exchanges to self-custodial wallets reflects a long-term holding strategy among investors.

mining1024
8 months ago by

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