Editor's PiCK
[Analysis] "Bitcoin, Large Withdrawals from Exchanges... High Possibility of Increase"
YM Lee
Summary
- It was reported that the large withdrawals of Bitcoin from exchanges continue, increasing the possibility of a price rise.
- The situation of large Bitcoin withdrawals indicates that investors are continuously accumulating Bitcoin.
- It was reported that investors expect Bitcoin to reach a new all-time high.
The amount of Bitcoin (BTC) withdrawals from exchanges continues to rise.
On the 12th (local time), an analyst from the on-chain analysis platform CryptoQuant explained, "A large amount of Bitcoin has been withdrawn from spot exchanges in recent days," adding, "This phenomenon occurring amid a price increase suggests that investors are continuously accumulating Bitcoin."
He further added, "It implies that many investors expect Bitcoin to reach a new all-time high (ATH)."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
