Editor's PiCK
"In the Last 30 Days, 124,000 BTC Outflow from Exchanges... Supply Pressure Intensifies"
Summary
- It was reported that 124,000 BTC outflow occurred from major exchanges in the last 30 days.
- An analysis emerged that the decrease in Bitcoin supply could lead to a price increase.
- Due to outflows from major exchanges like Coinbase and Binance, it is expected that supply pressure will intensify.
As Bitcoin continues to flow out of major exchanges, there are claims that the decrease in Bitcoin supply could lead to a price increase.
On the 13th (local time), 10X Research stated via X, "As Bitcoin supply decreases, a potential surge could occur," and "124,000 BTC has flowed out from major exchanges in the last 30 days."
10X Research reported, "In the case of Coinbase, 72,000 BTC, which is 10% of its Bitcoin holdings, has been withdrawn," and "Binance also saw a withdrawal of 29,000 BTC." They further explained, "Bitcoin outflows have been observed in most major exchanges such as OKX and Kraken," and "If this trend continues, we will face significant Bitcoin supply pressure." Consequently, they added that Bitcoin's circulation might not keep up with demand, leading to a sharp price increase.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
