Crypto Express

06/19 00:08

BlackRock’s purchase leads to exchange outflows

BlackRock’s purchase leads to exchange outflows slowing down

Despite the price rally, Bitcoin’s Exchange Outflows have shrunk in the last week.

Fewer withdrawals of BTC generally mean that traders and investors alike, with BlackRock leading, are purchasing and holding onto assets, looking to further increase their value.

That said, should outflows start climbing again, it could confirm another round of accumulation and signal bullish continuation. For now, the market sits on edge, waiting for either a cooling or an ignition.

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