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Bitcoin saw a massive $1.04 billion net inflow to exchanges, reversing previous outflows and sparking speculation about potential price movements. This shift comes as institutional interest in Bitcoin continues to grow, with reports suggesting GameStop is considering cryptocurrency investments.
Despite recent fluctuations, Bitcoin's price stands at $97,612, marking its fifth consecutive weekend of decline. Analysts suggest this trend could signal an impending major breakout or further downside movement. Meanwhile, increased exchange inflows often indicate selling pressure, but some investors see it as a setup for a potential rally if demand remains strong.
#BTC #GateioInto11