BTC net outflow from exchanges soars by 0.29%! A signal of accumulation

Exchange BTC net outflows rose 0.29% with whales moving 10M coins. Combined with a slight price rise, indicators suggest market recovery and strengthening accumulation signals.

According to on-chain data as of the latest reporting date, there was a sharp 0.29% net outflow of BTC from exchanges, with whales transferring 10 million BTC, indicating an intensified trend of accumulation. Recent news shows that XRP whales are carrying out accumulation against the market trend, while significant changes in Ethereum’s holding structure have raised concerns. Combined with a 0.8% rise in BTC over 24 hours, multiple indicators suggest that the market is in a recovery phase.