Withdrawing 30,000 Bitcoins from the platforms over the past week!🚨
Centralized platforms witnessed massive withdrawals worth $2.52 billion in Bitcoin over the last 7 days.
💡Simply put: investors are moving their holdings from exchanges to their own wallets for long-term holding, which means less available for selling.
Historically, the "billions"-scale outflow from exchanges reflects the confidence of large investors (whales) as they accumulate the coin,
reducing selling pressure and increasing the chances of a price rise.
$BTC
Centralized platforms witnessed massive withdrawals worth $2.52 billion in Bitcoin over the last 7 days.
💡Simply put: investors are moving their holdings from exchanges to their own wallets for long-term holding, which means less available for selling.
Historically, the "billions"-scale outflow from exchanges reflects the confidence of large investors (whales) as they accumulate the coin,
reducing selling pressure and increasing the chances of a price rise.
$BTC
