Bitcoin must break this level to resume bull market as $2.4B in BTC leaves exchanges

Bitcoin exchange outflows have risen to their highest levels since July 2024; BTC price must reclaim a key weekly EMA level to confirm a potential breakout.

Over 27,740 Bitcoin (BTC) worth $2.4 billion were withdrawn from exchanges on March 25, the highest daily outflow since July 31, 2024. Meanwhile, US spot Bitcoin exchange-traded funds (ETFs) continue their inflow streak, suggesting that institutional demand is making a comeback.

Is the Bitcoin bull run about to resume?

Bitcoin is making another attempt at a technical breakout above $90,000 as supply on exchanges continues to decrease.

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