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| 11:42 |
Bitcoin Experiences Significant Exchange Outflows Indicating Strong Buying Interest
According to IntoTheBlock, Bitcoin ($BTC) has experienced the largest weekly exchange outflows since mid-September. This trend indicates strong buying activity as Bitcoin is currently trading less than 10% below its all-time high. Such outflows typically suggest that investors are moving Bitcoin off exchanges, potentially reducing selling pressure and signaling bullish sentiment. (Source) |