7 March 2025
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Bitcoin Sees $900 Million in Outflows from Exchanges
Recent on-chain data indicates negative net Bitcoin outflows from exchanges, suggesting a potentially bullish trend for BTC.
Key Points
- According to IntoTheBlock, Bitcoin has been leaving exchanges, reflected in the Exchange Netflow metric.
- A negative netflow indicates that more Bitcoin is being withdrawn than deposited, often signaling long-term holding intentions by investors.
- In the past week, nearly $900 million worth of Bitcoin was withdrawn from exchanges despite market volatility.
- Stablecoin inflows have increased, which can indicate buying pressure for Bitcoin and other cryptocurrencies.
- The Binance Stablecoin Exchange Reserve recently reached an all-time high.
BTC Price
Bitcoin's price has dipped to $88,600, unable to sustain recovery.