In the last 24 hours, Bitcoin saw an exchange outflow of 14,806 BTC, valued at around 1.52 billion USD. Coinbase led with an outflow of 9,012.51 BTC, while Kraken and Binance followed.
Such significant withdrawals suggest that investors are transferring Bitcoin to private wallets, indicating their intention to hold long-term. This pattern typically results in less selling pressure.
Bitcoin’s price is currently at 104,646 USD, having experienced a slight decline after hitting an all-time high. The Bull Score Index confirms strong market sentiment, suggesting optimism for a rally soon.
Leave a Reply