Bitcoin sees record exchange outflows as investors shift BTC to private wallets, signaling strong buying momentum.
has experienced its largest exchange outflows since mid-September, a key signal of increased buying activity as investors take their BTC off exchanges and into private wallets.
This shift reflects a desire to hold assets for the long term, as BTC nears important resistance points close to its all-time high.The pattern of exchange outflows has been building as BTC’s price steadily climbed above $67,000. This accumulation trend often precedes rallies, as less BTC on exchanges can reduce sell-side pressure, supporting a potential price breakout.Open Interest represents the total value of active derivative contracts. When it rises along with outflows, it often signifies both long-term investor accumulation and short-term speculative positioning.
Bitcoin was trading around $66,900 at press time, nearing a resistance level that, if breached, could pave the way for further gains.
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