Santiment: 24,073 BTC left exchanges in a day, the largest outflow since March 1
- —Net exchange outflow on October 5 was 24,073 BTC, the biggest since March 1
- —Bitcoin's exchange-held share fell to roughly 6.5% of supply
- —Santiment: shrinking supply can support upside if demand holds
- —BTC traded near $85,000 at the time of the analysis
Why it matters: A thinner exchange supply against steady demand reduces sell pressure and could accelerate a price move higher.
Source: Koin Bülteni