outflows from a specific exchange. These outflows have been observed over several months. This pattern contributed to Bitcoin noting record netflows, with the same coinciding with the king coin climbing to $66,000 on the price charts.on 15 May. While such an outflow might not immediately raise concerns, further analysis uncovered a pattern that has been consistent since February. Over this period, seven outflows have exceeded 15,000 BTC, establishing a noticeable pattern on the exchange.
Furthermore, BTC registered its highest netflow in months on 15 May, as indicated by the exchange netflow chart. The netflow recorded a volume of over -23,359 BTC, indicating that substantial outflows exceeded inflows across all exchanges.
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