Bitcoin Exchange Reserves Shrink as Buyers Push BTC Above $79K

Bitcoin rose above $79,000 on Wednesday as CryptoQuant data showed futures buyers absorbing sell-side liquidity while exchange reserves kept falling. Farside Investors data showed seven consecutive days of spot Bitcoin ETF inflows totaling $1.9 billion, and Glassnode data showed long-term holders added about 130,000 BTC over the past 30 days.

BTC-0.56%
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