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Over 30,000 Bitcoin Withdrawn From Exchanges In A Week – Institutional Accumulation Underway?

  • More than 30,000 Bitcoin have been withdrawn from exchanges in the past week, signaling potential institutional accumulation and reduced selling pressure.
  • Bitcoin is facing selling pressure, and bears are targeting a break below the critical $80,000 level amid macroeconomic uncertainty.
  • Bulls need to defend the current support level and reclaim the $86,500 level to regain control and shift momentum in their favor.
  • Market sentiment is fragile, and BTC's ability to hold or reclaim key levels will determine the prospects of a recovery rally or deeper losses.

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