![bitcoin rally is masking capital flight from crypto exchanges](https://si.wsj.net/public/resources/images/FN-AN183_FN_Bit_M_20210406060800.jpg)
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BITCOIN BULLISH BREAKOUT: Can BTC hit $50,000?Bitcoin Rally Is Masking Capital Flight From Crypto Exchanges. Not only did Tether dip only a smidgen despite being 74% backed, but it may. Experts says hundreds of millions of dollars a year in risk-free profits could be hiding in the markets for bitcoin, writes Simon Constable. Bitcoin's more than 30% price rise since last week may have been exaggerated by capital flight from the controversial exchange Bitfinex and its.