The grand performance of Bitcoin inflows and outflows! The bearish selling pressure has disappeared, instead signaling bullish trends!
On-chain data reveals: the outflow of Bitcoin (red bars) continues to overwhelm the inflow (green bars), especially during price pullbacks. What does this mean?
Investors are starting to transfer Bitcoin from exchanges like Bitfinex to cold wallets—this is a strong bullish signal! The reasons are simple:
1️⃣ Long-term holders are entering the market in large numbers
2️⃣ The selling pressure in the market has significantly decreased
3️⃣ Everyone is confident that Bitcoin will continue to rise
Although the recent surge in inflows is often accompanied by local price peaks and profit-taking, these outflow events far exceed these fluctuations. As Bitcoin approaches $100,000 again, the ongoing trend of outflows further supports the narrative of tightening supply.
While short-term volatility remains, this strong outflow signal lays a solid foundation for Bitcoin's future rise, and the market is still full of bullish potential.
