$740M in Bitcoin exits exchanges, the most important outflow since Gregorian calendar month's BTC value crash
$740M in Bitcoin exits exchanges, the foremost necessary outflow since Gregorian calendar month's BTC worth crash bitcoin price technicals, however, stay pessimistic with the BTC price eyeing a run-down toward $14,000 in Q4. The quantity of Bitcoin (BTC=19,277) flowing out of cryptocurrency exchanges picked up momentum on Oct. 18, hinting at weakening sell-pressure, that may facilitate BTC price avoid a deeper correction below $18,000. Bitcoin forming a "bear market floor" Over 37,800 BTC left crypto exchanges on Oct. 18, per knowledge half-tracked by CryptoQuant. This marks the biggest Bitcoin daily outflow since June 17, wh traders withdrew nearly 68,000 BTC from exchanges. Moreover, over 121,000 BTC, or nearly $2.4 billion at current values, has left exchanges within the past thirty days. Bitcoin exchange Netflow from all exchanges. A spike in Bitcoin outflows from exchanges is often seen as an optimistic signal as a result of traders taking away t...