[Analysis] "Bitcoin, Withdrawal Volume Increases on Binance... Strengthening Long-Term Holding Strategy"
Suehyeon Lee
Summary
- The increase in withdrawal volume of Bitcoin indicates that investors are strengthening their long-term holding strategy.
- Binance's Bitcoin holdings have been steadily decreasing since August, and the withdrawal speed has accelerated since November.
- This suggests that investors are moving Bitcoin to personal wallets, indicating an expectation of price increases.
Bitcoin (BTC) is showing an increase in withdrawal volume on Binance as it hits an all-time high.
On the 17th (local time), CryptoQuant author Darkfost reported, "As Bitcoin surpasses $100,000, reaching an all-time high, Bitcoin withdrawals on Binance continue steadily."
He further stated, "As a result, Binance's Bitcoin holdings have been steadily decreasing since August, and the withdrawal speed has accelerated particularly since November," analyzing that "the increase in withdrawal volume indicates that investors are moving their Bitcoin to personal wallets, suggesting a long-term investment sentiment. This signals an expectation of future price increases."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
