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Bitcoin Quietly Exits Exchanges as Bullish Signals Build Up

  • Bitcoin is being withdrawn from exchanges, indicating a shift in trader sentiment as more Bitcoin is being withdrawn than sent in.
  • Market taker buys are dominating, showing strong buying interest in the spot market with USDT reserves on exchanges also increasing.
  • While positive signals are seen in on-chain data and strong liquidity support, technical outlook remains cautious with BTC showing a double-top pattern.
  • Average trader profit figure of 27% needs monitoring as a break above 40% could signal overheated market conditions. BTC price stood at about $105,527 with high transaction volume.

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