Bitcoin’s outflows from Binance show a decline in sell pressure, indicating that long-term holders are accumulating BTC. Over 7,000 BTC have been withdrawn since June 6, hinting at confidence among seasoned investors.
The position change of long-term holders has surpassed 600,000 BTC for the first time since September 2024, suggesting aggressive accumulation. Conversely, short-term holders are less active, reducing volatility risks.
With tightening supply and fewer coins on exchanges, the market conditions are favoring a bullish phase. Despite potential short-term volatility, the signs point to an extended upward trend for BTC.
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