2024-01-03 | Press Release | Bitcoin (BTC) Records Biggest Outflows Exchanges in 12 Months, As $1.1 Billion Leave Exchanges, Investors Turn To Pullix (PLX)

(NewsDirect)

While the Bitcoin price has stalled in the last few weeks, there has been an improvement in sentiment. This positive sentiment can be seen in the massive outflow of BTC from centralized exchanges. In just a day, more than $1.19 billion left exchanges, the largest amount in over a year.

One of the top altcoins that have benefitted from this recent event is Pullix (PLX). This new DeFi project has recorded a surge in interest from investors. Let us dive deeper into the reason behind these events.

Bitcoin Outflows Top $1 Billion, Investors Are HODLing

Investors are feeling more positive about Bitcoin (BTC), despite two weeks of consolidation. Data From Glassnode shows that on December 27, over $1.19 billion worth of BTC were moved out of centralized exchanges. This is the biggest number seen since December 14, 2022.

CryptoQuant says that the amount of Bitcoin held by an exchange is also at a low of 2 million BTC….