The Bitcoin [BTC] price swings have been influenced by exchange inflows, outflows, and increasing activity in new wallet addresses.
price movements over recent days have drawn considerable attention, particularly as the cryptocurrency experienced both a sharp decline and a
According to analyst KriptoBaykusV2, large inflows and outflows of Bitcoin on exchanges have had a direct impact on market sentiment and price trends. Conversely, outflows typically signal a preference for long-term storage. This reduces immediate selling pressure and potentially paves the way for upward price momentum.
“As of March 2, Bitcoin’s price has started to rise again. Historically, when outflows from exchanges increase, prices tend to move upward.
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