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Bitcoin’s Outflows Are Signaling Big Things Despite Recent Profit-Taking

  • Bitcoin's recent price surge and subsequent retracement are indicating potential for a strong rally in the future.
  • Analysis of Bitcoin flows across exchanges shows a significant increase in Bitcoin withdrawals, suggesting investor confidence and anticipation of price increase.
  • Negative net flow of Bitcoin indicates a potential upward volatility in the near future, favoring buyers and potentially resulting in a rally.
  • Spot Bitcoin exchange-traded funds in the US have seen 10 consecutive days of positive inflows, indicating strong institutional demand.

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