Bitcoin sees its largest net outflow from exchanges since 2022, sparking speculation about institutional accumulation.
Bitcoin’s 47,516 BTC outflows pointed to institutional accumulation amid cautious retail sentiment.Around 3% of BTC’s exchange supply disappeared in just a few days, mirroring a similar pattern seen after the FTX collapse.
Bitcoin witnessed a massive 47,516 BTC net outflow, marking the largest outflow since 2022 and reflecting a 3% drop in BTC supply on exchanges.that this outflow mirrors the aftermath of the FTX collapse, during which panic selling drove BTC to as low as $16K.The only comparable event occurred in July 2023, when another significant outflow of BTC took place. Typically, retail traders deposit BTC to sell, but this large-scale withdrawal hints at institutional accumulation.
The recent 47,516 BTC net outflow suggests this could be the case, as such large-scale withdrawals are uncommon among retail traders.
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