Bitcoin sees $1 billion exchange exodus in 24 hours
- —Net exchange outflow on Oct. 27 was about 12,570 BTC
- —At $80,487 that equals roughly $1.01 billion
- —A day earlier exchanges recorded a net inflow above 7,000 BTC
- —The last larger outflow was Oct. 6 at nearly 15,000 BTC
Why it matters: Coins leaving exchanges reduce readily tradable supply and can ease selling pressure on BTC.
Source: U.Today