17,000 Bitcoins Withdrawn from Exchanges Last Week..."Indicating Supply Decrease"

Son Min

Summary

Cryptocurrency analyst Ali Martinez stated that over 17,000 Bitcoins were withdrawn from exchanges last week.
It was reported that when Bitcoin is withdrawn externally from exchanges, the supply decreases, which is interpreted as a positive signal for price increase.
It was stated that Bitcoin is trading at $94,374 on the Binance USDT market, up 6.82% from 24 hours ago.

It was found that over 17,000 Bitcoins (BTC) were withdrawn from exchanges last week.

On the 23rd (local time), cryptocurrency analyst Ali Martinez stated on X that "over 17,000 BTC were withdrawn from exchanges last week."

Typically, when Bitcoin is withdrawn externally, the supply of Bitcoin within exchanges decreases, which is interpreted as a positive signal for price increase.

As of 6:13 PM, Bitcoin is trading at $94,374 on the Binance USDT market, up 6.82% from 24 hours ago.

BTC

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit

17,000 Bitcoins Withdrawn from Exchanges Last Week..."Indicating Supply Decrease"

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