Sudden good news!!!
BitMEX exchange has seen a large outflow of BTC for two consecutive days, the second largest net outflow of BTC in the exchange's history, with 22,956 outflows on the first day, 12,530 outflows on the second day, and a total outflow of 35,486 in two days
BitMEX has a great influence in the cryptocurrency derivatives market, so this large-scale BTC transfer is usually seen as bullish behavior. The whales transfer their BTC to cold wallets, indicating that they are optimistic about the future market development and reducing the selling pressure on the exchange.
And this behavior will increase social media attention, further boost investor optimism, and promote the rise in Bitcoin prices.
