Bitcoin’s Massive Exchange Outflow Sparks Hopes for New Peaks
Bitcoin (BTC) has faced a 5% decrease over the past week, trading at approximately $96,905, below the critical $100,000 level. Recently, the cryptocurrency witnessed a remarkable $2.25 billion in exchange outflows. This trend raises speculations about a possible resurgence back to its all-time high as investors respond to market fluctuations. Traders and analysts will be observing this development closely, as outflows often indicate bullish market sentiment, which could propel Bitcoin higher in the coming weeks.
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