Recently, those tracking chain data may have noticed - Bitcoin's exchange balances are continuously decreasing. When I look at Glassnode's analytical reports, this downward trend has been ongoing for more than a month. This means that BTC is moving out of exchanges, indicating that hodlers continue to hold their positions. Such a movement usually indicates what might happen in the market - people prefer to hold rather than sell. It will be interesting to see whether this Bitcoin outflow trend continues.

BTC-1.28%
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