Record Bitcoin Outflow from Exchanges: Largest in 2 Years
- February 2023 saw the largest Bitcoin outflow from exchanges in over two years.
- This movement suggests a potential re-accumulation phase by investors.
- Bitcoin’s correlation with S&P 500 and Nasdaq Composite is decreasing.
- An increasing correlation between Bitcoin and gold is being observed.
- Bitcoin is currently trading near $92,300.
The significant Bitcoin outflow in February 2023 indicates possible strategic re-accumulation by investors, while its trading price nears $92,300 amidst changing market dynamics.
Source (2.6)https://hodl.press/record-bitcoin-outflow-from-exchanges-largest-in-2-years/?rand=24434
