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Here are the 3 trends causing exchanges to see massive Bitcoin outflows Here are the 3 trends causing exchanges to see massive Bitcoin outflows

Here are the 3 trends causing exchanges to see massive Bitcoin outflows

with insights from Glassnode

Exchanges have been seeing massive Bitcoin outflows in recent months, which has been a rapidly unfolding development seen by many as being bullish for the benchmark cryptocurrency.

Here are the 3 trends causing exchanges to see massive Bitcoin outflows

Photo by Elijah Hiett on Unsplash

Exchanges have been seeing massive Bitcoin outflows in recent months, which has been a rapidly unfolding development seen by many as being bullish for the benchmark cryptocurrency.

A reduced supply of the crypto on exchanges is a positive sign, as it suggests that investors are adopting a long-term approach to their investments, while also reducing the supply of BTC readily available to users on exchanges.

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