Bitcoin Exodus: Over 24,000 BTC Flee Exchanges in Single Day, Signaling Potential Supply Squeeze

Bitcoin recorded its largest single-day outflow in seven months on October 7, with over 24,000 BTC leaving exchanges. Exchange supply has dropped to around 6.50% of total supply. This large-scale movement suggests investors are moving coins into long-term storage, potentially reducing sell-side pressure and tightening available supply, which could support price appreciation if demand remains strong.

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