Bitcoin’s price continues to impress, reaching an all-time high of about $88,350 and marking a rebound from the dip a couple weeks ago of around $77,500. Multiple supposedly “significant” factors appear to be driving this price action, among them: supposedly meaningful exchange outflows, renewed accumulation by so-called Bitcoin whales, and, it seems, an overall upswing in how people seem to feel (or are pretending to feel) about the market right now when it comes to both prospective institutional and retail investment. Major Exchange Outflows Drive Market Sentiment Bitcoin’s exchange outflows reached almost 19,000 BTC on March 25, 2025; this number
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