The dip in reserves coincides with news Coinbase may sell its blockchain intel arm to the government, which some say likely caused a subsequent surge in Bitcoin outflow. The low reserves may also signal a bull run is coming for the cryptocurrency.
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BTC Could Be in Line for Bull Run as Reserves Dip to 12-Month Low
Bitcoin reserves on crypto exchanges hit a 12-month low, per data from glassnode. So reports Cointelegraph.
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