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Bitcoin Inflows Drop While Price Holds Strong Above $105000

  • Bitcoin inflows to Binance drop to 5,147 BTC, reaching a multi-month low, while BTC price remains above $105,000.
  • Reduced selling pressure and rising demand indicate an early-stage bullish cycle for Bitcoin, supported by on-chain data.
  • This drop in inflows signals a shift among investors towards holding rather than selling, potentially leading to a reduced supply on exchanges.
  • While on-chain data and technical indicators suggest a positive outlook for Bitcoin, external factors like macroeconomic uncertainty could impact short-term momentum.

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