[Analyst: Bitcoin Exchange Outflows Indicate Improved Supply, But Evidence Still Supports Neutral Stance] CryptoQuant analyst CoinNiel wrote that as of October 27 (UTC), Bitcoin exchange outflows indicate improved supply, but the evidence still supports a neutral stance. Exchanges shifted from a net inflow of 7,278 BTC on October 26 to a net outflow of 12,702 BTC on October 27. The 7-day and 30-day net outflows were 4,633 and 4,048 BTC respectively, but inflows were recorded on 4 of the past 7 days. The funding rate was +0.00762%, higher than the 7-day and 30-day averages, indicating a bullish bias but not overheating; open interest was $25.67 billion, up 0.56% over 7 days and 0.33% over 30 days. The LTH-SOPR decreased from 1.1657 to 1.0124, nearing the break-even point, but a decrease in selling volume cannot be confirmed.