BULLISH 62 U.Today 2H ago · 1 min read

Bitcoin Sees Massive $1 Billion Exchange Exodus

AI summary

Bitcoin saw a net $1 billion leave exchanges, with roughly 12,570 BTC withdrawn from trading platforms in one day, among the largest daily outflows this month. Traders watch exchange outflows because coins moving to self-custody can reduce immediately sellable supply and raise the risk of a supply squeeze. The size of the move makes it a signal worth monitoring even though it is a single-day data point.

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