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Strong Buying Pressure In Binance Futures, Bitcoin Outflows, And MicroStrategy’s Growing BTC Holdings Signal Positive Market Sentiment

  • The Binance futures market is experiencing strong buying pressure, indicating increased market confidence in Bitcoin and Ethereum.
  • Glassnode reports a surge in Bitcoin outflows from exchanges, suggesting a shift towards cold storage and a positive long-term outlook.
  • Microstrategy transfers 1,652 BTC to a new wallet, demonstrating its commitment to Bitcoin accumulation and unrealized profit of $7.65 billion.
  • Bitcoin spot ETFs experience net outflow of $54.94 million, possibly indicating short-term profit-taking or rebalancing.

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