Bitcoin (BTC) is leaving exchanges at a rapid pace, with multibillion-dollar withdrawals occurring as BTC price action approaches all-time highs. On March 1, withdrawals reached around $2 billion, marking one of the largest withdrawals in over five years. This decrease in BTC reserves on exchanges is the lowest since March 2018, when BTC/USD traded at just $8,000. Meanwhile, new investors are entering the market, with more "younger" coins involved and "older" ones becoming active after being dormant for six months or more.