Bitcoin experienced extreme volatility, briefly surging past $94,000 before dropping to $86,000 following news of a U.S. initiative on cryptocurrency reserves. Exchange flow data revealed 8,400 BTC inflows on February 25, triggering selling pressure, while subsequent outflows indicated long-term holding strategies, stabilizing the price. Analysts note that rising outflows often shrink circulating supply, paving the way for potential price gains. Glassnode data also highlighted a rise in new Bitcoin addresses in February, reflecting growing retail interest in BTC. By March 2, Bitcoin's price began rebounding, supported by reduced selling pressure and increased market confidence.

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