Source: Coindesk.com
Bitcoin started a downtrend soon when USDT exchange outflows surpassed $1 billion earlier this year, "suggesting investors may be adopting a risk-off stance," IntoTheBlock said. The current price action "feels eerily similar" to last year's when bitcoin traded sideways for two months after a large capitulation in August, one analyst noted.
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The post "Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock" appeared first here Coindesk.com.
Source: Coindesk.com
