Summary: On Wednesday, centralized exchanges saw a significant outflow of Bitcoin (BTC), with over 17,000 BTC worth more than $1.6 billion being withdrawn. This is the largest single-day movement of coins since April 2024 and indicates bullish sentiment as investors opt for long-term holding by taking direct custody of the coins. Coinbase alone processed net withdrawals of over 15,000 BTC, possibly indicating major purchases by ETFs or MicroStrategy this week. However, it is important to note that blockchain data can be skewed by internal wallet transfers by exchanges. Bitcoin initially dropped below $96,800 but rebounded after Eric Trump endorsed World Liberty Financial's first BTC investment.



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