Summary
- Analyst Ali Martinez stated that over 30,000 BTC were withdrawn from centralized exchanges over the past week.
- The large withdrawal of Bitcoin is said to reduce the supply of Bitcoin within centralized exchanges.
- This is interpreted as a positive signal for price increases.
It was revealed that a large amount of Bitcoin (BTC) was withdrawn from centralized exchanges (CEX) last week.
On the 31st (local time), cryptocurrency analyst Ali Martinez stated on X that "over 30,000 BTC were withdrawn from centralized exchanges over the past week."
Typically, Bitcoin withdrawals from exchanges are interpreted as a positive signal for price increases as they reduce the supply of Bitcoin within the exchange.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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