According to CryptoQuant analyst Axel Adler Jr., Bitcoin has maintained a consistent net outflow from exchanges since September 22, with the 30-day average daily net outflow now standing at approximately 1,500 BTC, down from around 3,000 BTC a week prior. The analyst noted that the decline is primarily due to a large outflow from September 22 exiting the 30-day statistical window, rather than representing new large-scale capital returning to exchanges.
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