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Top Crypto Gainers Today on DEXScreener—BOPPY, ROCKY, MEMEBOY
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Bitcoin (BTC) has recently faced multiple resistance around the $58K level, but it now trades at $58,006.
CryptoQuant’s data shows that BitMEX recorded an outflow of 35,486 BTC in July, marking the second-largest BTC outflow in its history. Historically, the Exchange Netflow indicator on BitMEX has shown a strong inverse correlation with Bitcoin price movements.
BitMEX: The Second Largest #Bitcoin Outflow
“The recent outflow of 35,486 $BTC from BitMEX should not be ignored. Historically, such events on BitMEX are predictable signals that precede Bitcoin price increases.” – By @joao_wedson
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