Bitcoin Outflows Hit Five-Week High as Fed Decision Nears

Santiment reports 14,942 BTC in net exchange outflows, with $80,000 support and a potential recovery toward 82,500–84,000 in focus. Glassnode says Bitcoin recently outperformed the S&P 500, while its backtested RSI strategy recorded a 20% maximum drawdown since July 2023. Darkfost’s Bitcoin Unified Sentiment index fell to -11, signaling worsening sentiment ahead of the Fed decision and GDP and PCE releases. Bitcoin recorded 14,942 BTC in net exchange outflows, its largest daily total in five weeks, according to Santiment Intelligence. The movement came ahead of Wednesday’s Federal Reserve decision and Thursday’s GDP and PCE data releases.

Source: Crypto Front News