Bitcoin Sees Highest Exchange Outflows In 2 Years, What This Means For Price
Bitcoin is experiencing a resurgence in positive sentiment following Donald Trump's announcement to reduce tariffs on China, indicating a potential end to the tariff wars that began in January 2025. Bitcoin whales have purchased nearly 20,000 BTC, leading to significant exchange outflows, which have reached levels not seen in over two years. On-chain data from CryptoQuant reveals that Bitcoin net flows from exchanges have decreased by over 50% in the past year, with current levels matching those of January 2023, post-FTX collapse. This trend suggests that investors are accumulating BTC rather than selling, indicating a preference for private storage in anticipation of price increases. Additionally, large investors holding between 10 and 10,000 BTC have added 19,255 BTC in just one week, reflecting their belief in Bitcoin's undervaluation. As of now, Bitcoin's price is approximately $94,578, demonstrating strong bullish momentum.
