What are Bitcoin investors aiming for amid surging BTC outflows
— Reduced modestly, Time, Weekly newsletter discussing important, Entities net growth metric, Recession rumors, Contrary, Grievances, 5k btc, Us inflation estimates, Peak — 1 min read
On-chain data suggested that June was the worst month for Bitcoin [BTC] considering the performance of the king coin since 2011. It took a dip of 37.5% over the month in an already catastrophic Q2. Despite falling prices, there has been a rise in the number of exchange outflows in recent months. Since March 2020, over 750,000 BTC has been taken out of exchanges since March 2020. In the past three months alone, 18.8% of the total or 142.5k BTC was seen in outflows. This is indicative of a growing community with strength in numbers. The crypto community has been euphoric since the revival of Bitcoin when it crossed $20k on 5 July. Lark Davis, Source