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Cryptopolitan 2024-10-04 14:06:08

Largest Bitcoin outflow since 2022 sparks renewed optimism for October rally

Bitcoin has recorded the largest outflow from exchanges in more than 23 months, according to on-chain data from Cryptoquant. The data shows this is the largest outflow of Bitcoin from exchanges since November 2022, with all moving averages indicating withdrawals. The outflows explain the recent decrease in Bitcoin exchange reserves, which had fallen 2.57 million

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