Santiment: Bitcoin exchange net outflow hits 5-week high of 14,900 BTC
- —Net BTC exchange outflow reached 14,900 BTC, the highest in five weeks
- —Key support sits at $80,000, with upside target of $82,500–84,000
- —A break below $79,000 would weaken the bullish outlook
- —Fed decision, GDP and PCE data are the next catalysts to watch
Why it matters: Coins leaving exchanges reduce near-term sell pressure, but the outcome hinges on the Fed decision and US macro data due this week.
Source: Bloomingbit