🚨 BITGET BTC WITHDRAWALS REOPEN — HUGE ON-CHAIN MOVEMENT ₿
Bitget resumed BTC withdrawals at 08:00 UTC on September 28 following its recent security incident. Shortly after reopening, on-chain data showed 3,326 BTC (~$276M) leaving the exchange in the first hour, with 5,373 BTC moved within the first five hours.
📊 Why this matters:
• Large withdrawal volume followed the reopening
• Much of the movement may represent users clearing withdrawals that were previously paused
• Bitcoin's price remained around the $83K–$84K area during the initial flow, according to CryptoQuant
• The key question now is whether these flows continue or normalize as the withdrawal backlog clears
🔎 #BTC investors should watch: exchange reserves, netflows, ETF flows, and price reaction around major support/resistance levels.
⚠️ Large exchange outflows do not automatically mean bullish or bearish. The reason behind the transfers matters.
What do you think — will BTChold the $83K–$84K zone? 👇
❤️ Like | 💬 Comment | ➕ Follow for more BTC & crypto market updates
#Bitcoin #BTC #Crypto #BitcoinNews
Bitget resumed BTC withdrawals at 08:00 UTC on September 28 following its recent security incident. Shortly after reopening, on-chain data showed 3,326 BTC (~$276M) leaving the exchange in the first hour, with 5,373 BTC moved within the first five hours.
📊 Why this matters:
• Large withdrawal volume followed the reopening
• Much of the movement may represent users clearing withdrawals that were previously paused
• Bitcoin's price remained around the $83K–$84K area during the initial flow, according to CryptoQuant
• The key question now is whether these flows continue or normalize as the withdrawal backlog clears
🔎 #BTC investors should watch: exchange reserves, netflows, ETF flows, and price reaction around major support/resistance levels.
⚠️ Large exchange outflows do not automatically mean bullish or bearish. The reason behind the transfers matters.
What do you think — will BTChold the $83K–$84K zone? 👇
❤️ Like | 💬 Comment | ➕ Follow for more BTC & crypto market updates
#Bitcoin #BTC #Crypto #BitcoinNews
