Bitcoin exchange outflows have surged to levels not seen since July 2024, with $2.4 billion in BTC withdrawn from exchanges on March 25, indicating reduced sell pressure. This outflow is partly due to whale investors, who withdrew over 11,574 BTC worth approximately $1 billion. Institutional demand seems to be reviving as US spot Bitcoin ETFs experienced inflows totaling $896.6 million over eight consecutive days, suggesting a renewed interest from major investors. The price of Bitcoin is currently at $88,265 but faces resistance at the 20-week exponential moving average (EMA) at $88,682. Analysts emphasize the importance of reclaiming this EMA as support to confirm a bullish trend. Historical trends show that crossing above this EMA often precedes significant rallies. To sustain momentum, Bitcoin must also reclaim the yearly open of approximately $93,300.

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