馃殌 **Bitcoin Addresses Sending to Exchanges Drop to 8-Year Low!** 馃殌
Hey BTC enthusiasts! 馃専 Exciting news from the crypto world: the number of Bitcoin addresses depositing into exchanges has plummeted to 132,100, a level not seen since 2016! This drop suggests a significant decrease in selling pressure, as fewer investors are moving their BTC to exchanges for liquidation.
馃搲 **Decreased Selling Pressure** 馃搲
Following Bitcoin's recent surge above $60,000, over $1.3 billion in net outflows from centralized exchanges were recorded last week. This indicates that many investors are holding onto their BTC, anticipating a bullish market ahead. Some analysts predict that Bitcoin could break out to $92,000 soon!
馃搳 **Market Movements** 馃搳
Despite a recent market downturn and $178 million in liquidations, Bitcoin's daily trading volume has surged by 106.28%, standing at $27.36 billion. While the price has dipped below $58,000, the long-term outlook remains optimistic.
Stay tuned, BTC believers! 馃専