Bitcoin whales withdrew nearly $198 million from Kraken, moving approximately 3,080 BTC to unknown wallets, thereby reducing immediate selling pressure on exchanges. Bitcoin’s Stock-to-Flow ratio reached 46.5K, posting a remarkable 350.01% increase over 24 hours, confirming tightening supply conditions. The Miners’ Position Index dropped to -1.2389, signaling reduced miner selling activity. BTC trades around $64,368, holding above the critical $63,824 support within an ascending channel. If buyers defend this level, a move toward $70,000 remains plausible.
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