Bitcoin Price Eyes $40K as Investors Withdraw Coins from Exchanges, Betting on Long Term Growth
• Bitcoin price eyes $40K as $1.4B in BTC withdrawn from exchanges in bullish sign
• Outflows suggest investors taking custody of coins for long-term holding strategy
• Fewer coins on exchanges points to strong demand, weakening sell pressure
• Market watchers say expected rate cuts could attract capital to crypto markets
• Bitcoin momentum rises on comments from Fed governor about potential rate cuts