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Bitcoin worth more than $700 million flowed off major exchanges in one day, one of the larger single-session withdrawal events recently, typically read as coins moving into self-custody or institutional cold storage. Shrinking exchange balances reduce readily sellable supply, a structurally supportive signal for BTC spot price if demand from ETF and OTC channels holds. Watch whether outflows persist over multiple days and whether spot BTC ETF net flows confirm accumulation rather than a one-off custody reshuffle by a single large holder.
As a Crypto signal, watch whether it changes price action, volatility, or flows around BTC.
Original Source: Yahoo Finance
This page is market information analysis, not investment advice.
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