The Bitcoin market experienced significant activity today, with a notable $110.1 million outflow and a downturn in price. This financial movement coincides with observations of rapid innovation within the Bitcoin ecosystem, including the development of new technologies such as OP_CAT, CatVM, Runes, and BitVM. Additionally, technical indicators suggest a potential bullish divergence in Bitcoin's price, though confirmation is still pending.
Sources
James Seyffart
Don't get your hopes up guys. This is a $110.1 million OUT flow for the day. lol https://t.co/KEJ2v5JZox
BitMEX Research Outflow* https://t.co/sykUc0iOT7
The Wolf Of All Streets $BTC 4-HOUR Now we are on alert. Potential bullish divergence with RSI coming out of oversold is in play. We need a definitive elbow up on price and RSI. Nothing to see… yet. https://t.co/k8WQhOHyj2