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30K BTC Leaves Exchanges: How Will Bitcoin’s Price React?
- Bitcoin investors withdrew over 30,000 BTC, worth $2.5 billion, from exchanges in a week.
- This reduces the available supply, potentially driving up prices with strong demand.
- Corporate buying, including by Strategy and GameStop, has intensified the supply squeeze.
- Bitcoin's price currently shows short-term weakness but long-term strength with a 16.5% gain in the last 12 months.
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