Summary
- An analyst stated that 37,000 Bitcoins have been transferred out of exchanges in the last 24 hours.
- Bitcoin withdrawals lead to a decrease in supply within exchanges, which is interpreted positively for price increases.
- Currently, Bitcoin is trading at $84,518, up 1.04% from the previous day based on Binance.
Over 37,000 Bitcoins (BTC) have been withdrawn from exchanges in the last 24 hours.
On the 13th (local time), virtual asset analyst Ali Martinez stated on X, "37,000 BTC have been transferred out of exchanges in the last 24 hours," indicating "a strong signal of Bitcoin accumulation."
Typically, when Bitcoins are withdrawn externally, the supply of Bitcoin within exchanges decreases, which is interpreted as a positive signal for price increases.
As of 5:49 PM, Bitcoin is trading at $84,518, up 1.04% from 24 hours ago, based on the Binance USDT market.
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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