<ul><li>Bitcoin has seen a slight retreat from its intraday high but remains within 3.8% of its all-time high, signaling sustained bullish momentum.</li><li>Strategic accumulation patterns are supporting Bitcoin's price behavior, with large-scale withdrawals from exchanges like Binance and Kraken hinting at reduced sell-side pressure.</li><li>Over 3,090 BTC and significant amounts of ETH were withdrawn from Binance and Kraken, indicating a shift towards long-term holding strategies.</li><li>Analysis of the Market Value to Realized Value (MVRV) ratio suggests that Bitcoin is not yet in overheated territory, supporting the view of ongoing accumulation and reduced sell pressure.</li></ul>

Binance Bitcoin Outflows and MVRV Ratio Point to Sustained Bullish Setup, Analyst Reveals

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