Bitcoin Bounces from $60K This Week While Facing 20,900 BTC in Exchange Outflows

BTC3.48%
According to CryptoQuant analyst Axel Adler Jr, Bitcoin this week bounced from the $60,000 level while facing persistent selling pressure. Exchange net outflows totaled 20,900 BTC for the week, indicating that liquidation pressures remain, with short-squeeze-driven rallies continuing as accumulated short positions undergo concentrated clearing.
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