Data from various sources indicate that over $1.4 billion worth of Bitcoin has been withdrawn from exchanges over the past week, with significant outflows from Binance, OKX, and Bitfinex. This withdrawal is accompanied by a surge in Bitcoin reserves held by these exchanges, totaling approximately $33 billion. The outflows have historically signaled local market lows, supporting expectations of a medium-term price rise due to decreased supply on exchanges and increased accumulation and appreciation of Bitcoin.
💵 ~$33B in #Bitcoin are held in the reserves of Binance, Bitfinex and OKX https://t.co/Fd09Y7M4y5
1.4 Billion Dollars Worth of Bitcoin Withdrawal from the Market https://t.co/waxhuWrKWZ
NEW: More than 37K #Bitcoin (💵 $1.4B) have been withdrawn from exchanges since November 17 🙌 https://t.co/BgWwqEEB6S
🚨 $1.4 billion worth of #BTC withdrawn from exchanges over the past week.
Data shows over $1 billion worth of $BTC has been withdrawn from exchanges over the past week. Such flows have historically marked local market lows, supporting expectations of a medium-term price rise. By @shauryamalwa https://t.co/EVrbpSxGjh
Total balances may mask heavy $ outflow, but are boosted by 130% BTC appreciation & accumulation. Binance: 545.5k BTC (+29%), -$17,930m outflow (12-mo) OKX: 128.5k BTC (85%), +$5,150m Bitfinex: 204.4k BTC (0%), -$800m https://t.co/pil8NiRJqy: 46.8k BTC, -11%, -$36m https://t.co/CcrRwqDu8H