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Significant Bitcoin Outflows: Recent data indicates substantial outflows from Galaxy Digital wallets, with an hourly outflow of 691 BTC on September 3, raising concerns about potential selling pressure and a possible drop in Bitcoin's price.
Resilience Amidst Outflows: Despite these outflows, Bitcoin has shown resilience, supported by significant corporate accumulation and historically low volatility, suggesting that institutional demand may help absorb selling pressure.
