$750 Million of BTC Leaves Exchanges as Supply Crunch Nears

On September 10, Bitcoin saw a notable surge in outflows from exchanges, with roughly $750 million worth of assets being withdrawn. This marks the most significant net outflow since May, hinting at a potential shift in investor sentiment, as reported by IntoTheBlock (ITB). With Bitcoin prices hovering around $57,000, these movements are seen as indicators of investors’ confidence and strategic positioning. Juan Pellicer, a senior researcher at ITB, explained in a discussion with Cointelegraph the implications of such large outflows. He stated, “Regulatory concerns can prompt withdrawals as users seek to avoid potential restrictions. Institutional accumulation typically involves large-scale transfers