Bitcoin’s exchange withdrawals have increased significantly by 347%. This significant shift suggests that whales and investors are accumulating BTC for long-term storage, likely impacting exchange liquidity and creating conditions for potential price increases.
The Coinbase Premium Index indicates strong institutional presence, while the NVT ratio showcases healthy transaction volumes. Despite market fluctuations, these factors support a bullish sentiment, suggesting that reduced exchange supply could lead to higher BTC pricing.
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