Bitcoin exchange outflows mimic 2023 as whales buy retail ‘panic’

Recent data indicates that Bitcoin exchange outflows mirror trends observed at the start of the bull market in 2023. Exchange balances are at their lowest, signaling a decline in supply amid panic selling from retail investors.

Whales are actively accumulating Bitcoin, seeing this market phase as an opportunity while retail investors exit in fear. This behavior suggests a potential re-accumulation of BTC by larger investors during this time.

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