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Bitcoin Exchange Outflows Surge to 7-Month High as 11,500 $BTC Withdrawn
Over 11,500 BTC has been withdrawn from centralized exchanges, the highest daily outflow in seven months. The total value of the withdrawals exceeds $950 million, reflecting a change in market behavior from large holders.
The move suggests that whales are becoming more cautious, seemingly opting for self-custody amid growing regulatory pressure and market volatility. Analysts see this as a potentially bullish sign, indicating less sell-side liquidity.
As Bitcoin outflows increase, is this a sign of growing long-term confidence or a hedge against centralized exchange risk?
Phoenix plans to sell nearly 18% of the company, targeting $368 million.
Repost from Kurulusosman
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