Bitcoin Sees 14,942 Coins Exit Exchanges as Fed and Inflation Loom — Could BTC’s Falling Wallet Count Be a Bullish Twist?
Photo: ZyCrypto
Bitcoin continues to show signs of changing investor behavior, with leading on-chain analytics platform Santiment Intelligence noting that the apex cryptocurrency recorded net exchange outflows of 14,942 BTC , marking its largest single-day outflow in five weeks. More notably, this movement occurred just ahead of Wednesday’s Federal Reserve (Fed) interest rate decision and Thursday’s US GDP and Personal Consumption Expenditures (PCE) inflation reports. The Fed ultimately kept interest rates unchanged at 3.75%–4% on Wednesday, following a 10–2 vote. Nevertheless, two policymakers favored a 0.25 percentage-point increase, highlighting concerns about persistent inflation. Why are Bitcoin exchange outflows symbolic?
Source: ZyCrypto
