With only a few days left until the end of 2023, Bitcoin is moving horizontally around $42,000.
While investors were focusing on 2024 for the bull rally, a positive report came from Glassnode.
At this point, Glassnode pointed out that on Wednesday, just over 28,000 BTC worth $ 1.19 billion left the central exchanges, and said that this figure was the largest single-day outflow in terms of BTC since December 14, 2022.
“For the first time since December 14, 2022, the largest daily outflow in BTC was experienced.
Net outflows from exchanges generally represent investors' intention to hold Bitcoin for the long term.
And the recent outflows support the bullish case for Bitcoin.”
Bitcoin, which has increased by approximately 160% since 2023, continues to be traded at $ 42,630 at the time of writing.
*This is not investment advice.