Bitcoin flows
Over $2 billion worth of Bitcoin has exited central exchanges (CEX) this week, reflecting a long-term bullish sentiment among investors. The significant outflow of Bitcoin suggests that users are opting to move their assets away from centralized platforms. This trend may indicate a preference for holding Bitcoin in personal wallets, believed to be more secure. Analysts interpret this substantial flow of Bitcoin as a sign of growing confidence in the cryptocurrency market’s future performance. The continuous increase in outflows could represent a shift in investor strategies towards long-term holding rather than trading.
