Bitcoin (BTC) breached the $67,000 level — approaching $68,000 — as outflows from centralized exchanges keep rising. IntoTheBlock data shows that over the last seven days, nearly $582 million worth of Bitcoin left centralized cryptocurrency exchanges. This is usually seen as a relatively bullish development since it decreases the amount of Bitcoin available for immediate sale — achieving effects similar to decreasing the supply. The news follows recent reports that options traders are increasing bets that Bitcoin will reach a record high of $80,000 by the end of November. “I believe the market consensus is that Bitcoin is likely to perform well regardless of the election outcome,” said David Lawant, head of research at crypto prime broker FalconX. Market data As of the time of writing, Bitcoin is trading at just under $67,700 after seeing its price increase by over 2.2% over the last 24 hours.