Retail Accumulation and Exchange Outflows Drive Market Optimism for Bitcoin

Retail Accumulation and Exchange Outflows Drive Market Optimism for Bitcoin

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Source: Coindesk.com

Retail bitcoin investors, particularly "crabs" and "shrimps," have accumulated 35,000 BTC in the past 30 days, highlighting increased confidence and participation from smaller holders. With 40,000 BTC withdrawn from exchanges in the past 30 days, reduced liquidity suggests a potential supply squeeze, creating a bullish environment for future bitcoin price increases.

Read More https://www.coindesk.com/markets/2024/09/25/retail-accumulation-and-exchange-outflows-drive-market-optimism-for-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Retail Accumulation and Exchange Outflows Drive Market Optimism for Bitcoin" appeared first here Coindesk.com.

Source: Coindesk.com

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