Bitcoin has recorded a significant increase in net outflows from exchanges, indicating a surge in bullish investor sentiment following a recent price rebound. After reaching an all-time high of $99,800, Bitcoin experienced a pullback and retested the $90,000 support. However, the cryptocurrency is now showing signs of recovery, with exchange outflows spiking. This shift from net inflows to net outflows suggests that more market participants are withdrawing their Bitcoin from exchanges to hold onto it, reducing selling pressure. The recent net outflow of 1,270 BTC is the highest recorded since November 23. Additionally, data shows a decrease in Bitcoin transfers to Binance, which is seen as a bullish sign. Bitcoin is currently trading at $96,351, and market analysts believe it could reach new all-time highs.



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