Last night, Bitcoin rose to almost $19,600. During the day, the capitalization of the largest digital currency increased by 1.5% to $374.687 billion.
BTC has been trading above $19,000 for the past few days. The stabilization of the rate was a direct result of the easing of pressure from the sellers, who are afraid of further correction.
According to Santiment, investors have started withdrawing cryptocurrencies from exchanges. Accordingly, the supply of an asset for sale has sharply decreased on trading floors.
On September 30, 34,723 BTC left the exchanges, the strongest outflow since mid-June 2022.
CryptoQuant analysts came to similar conclusions. They found that pressure relief was observed for several days in a row.
