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Coin Telegraph

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Image Credit: Coin Telegraph

Bitcoin must break this level to resume bull market as $2.4B in BTC leaves exchanges

  • Over 27,740 Bitcoin worth $2.4 billion were withdrawn from exchanges on March 25, the highest daily outflow since July 31, 2024.
  • Whales, holding at least 1,000 BTC, withdrew more than 11,574 BTC worth about $1 billion from exchanges on March 25, reducing sell pressure and signaling bullish sentiment.
  • Spot Bitcoin ETFs have seen inflows for eight straight days, totaling $896.6 million, suggesting major investors buying BTC again.
  • Bitcoin price faces overhead resistance from the 20-weekly exponential moving average, but breaking it could lead to a resumption of the bull market.

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