Bitcoin Worth $1B Leaves Exchanges in Largest Single-Day Outflow in 12 Months

The overall BTC balance in wallets tied to centralized exchanges has dropped to 2,327,025 BTC, the lowest since April 2018. Other things being equal, fewer coins on an exchange mean weakening supply-side pressures and potential for price appreciation.

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Bitcoin Worth $1B Leaves Exchanges in Largest Single-Day Outflow in 12 Months

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