On-chain data over the past 24 hours has shown strong accumulation signals from whales. Most notably, a transaction of $141.95 million in BTC was withdrawn from the KuCoin exchange to personal wallets. The overall market saw a net outflow of $257.77 million in BTC from exchanges, bringing the total on-chain transfer volume past $10.92 billion. Amid Bitcoin’s price remaining range-bound between $63,000 and $64,000, the continuous withdrawal of supply from exchanges without signs of profit-taking suggests institutions are quietly accumulating ahead of the next upward move.
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