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Bitcoin’s Exchange Reserves Surge with Positive Netflows: Implications for BTC?
According to recent reports from Cryptoquant, the exchange reserves of Bitcoin have seen a significant surge. This development has sparked concerns among market analysts regarding the potential implications for the future price trajectory of BTC.
The data suggests that the exchange reserves have risen sharply in the past few days, indicating that more Bitcoins are flowing into exchanges than leaving them. This positive netflow could be indicative of profit-taking by investors and a possible change in sentiment.
Source: cryptonewsland.com
