Sam Price Points Out Bitcoin Exchange Outflow Signals Market Changes
According to Twitter user Sam Price, the outflow of Bitcoin from exchanges indicates significant market changes. In just one week, approximately $1.17 billion worth of Bitcoin has flowed out of exchanges, bringing the total outflow over the past 30 days to $4.4 billion. When Bitcoin is transferred to private custody, the supply available for immediate sale decreases. Combined with ongoing demand, this change in supply dynamics could impact price trends. Sam Price emphasizes that attention should not only be on prices but also on the Bitcoin inventory that drives those prices.
-- Price
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