Last Week's Outflow of $1.7 Billion BTC is the Largest in a Year
CryptoNewsTerminal Staff09 Aug, 2024
Last Week's Outflow of $1.7 Billion BTC is the Largest in a Year
On-chain analytics provider IntoTheBlock reported that "There was a net outflow of $1.7 billion BTC from exchanges last week. This is the largest outflow in a year. The dip was likely bought by whales." This outflow is a sign of bullish sentiment in the cryptocurrency market.
