Thousands of Bitcoins Moved From Exchanges In The Last 24 Hours: Will The Rally Continue?

While Bitcoin has exhibited an upward performance of 7% in the last 1 week, large amounts of BTC outflow from crypto money exchanges continue.

There has been a significant amount of Bitcoin outflows from centralized exchanges (CEX) after increasing regulatory pressures and lawsuits filed against leading cryptocurrency exchanges. Especially in the last 24 hours, Binance And Kraken Heavy exits from popular stock exchanges such as Bitcoin drew attention.

According to data provided by on-chain analytics platform Whale Alert, in a 24-hour timeframe $67 million worth 2.398 BTC from the stock markets withdrawn to unknown wallets. The said outputs $42 million while part of it is from the cryptocurrency exchange Binance $25 million part is made from Kraken.

According to some analysts commenting on the subject, these voluminous exits Signs that the Bitcoin rally will continue is doing. On the other hand, about 3 weeks $28,200-29,000 Bitcoin, which is stuck with the resistance between 25 thousand dollars There are also those who think that they will make the right correction.

According to CoinGecko data, in the last 24 hours 0.5% rising BTC, at the time of writing at $28,410 is being traded.

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