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via Cointelegraph · By Cointelegraph Staff

Bitcoin Exchange Reserves See $8B Outflow: Will BTC Rally Higher?

BTC

BTC/USDT

$62,909.99

-0.27%

$62,909.99

-0.27%

(24s)

24h Volume

$4,141,995,533.74

24h H/L

$63,390.00 / $62,716.00

Change: $674.00 (1.07%)

Long/Short

69.5%

Long: 69.5%Short: 30.5%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,792.60

▼ -0.17%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,769.35

Resistance 1$63,135.87

Price$62,792.60

Support 1$62,302.86

Support 2$61,056.47

Support 3$57,800.19

Pivot (PP):$63,002.00

Trend:Downtrend

RSI (14):41.2

Cointelegraph Staff

(09:52 PM UTC)

1 min read

Approved byMichael Roberts

0 comments

Bitcoin (BTC) reserves on major crypto exchanges have dropped to their lowest level since 2023, with nearly 100,000 BTC withdrawn from Binance, OKX and Gemini in less than three months.

The outflows coincided with stronger demand from accumulator addresses, as the cohorts' holdings have increased by 60.5% over the past two weeks.

Bitcoin exchange reserves fall to two-year low

Crypto analyst…

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Source

Cointelegraph Staff · Cointelegraph

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