Summary
- It was reported that 100,000 Bitcoins have been withdrawn from global cryptocurrency exchanges over the past three weeks.
- This is interpreted as a positive signal for price increases due to the reduced supply of Bitcoin within exchanges.
- Currently, the price of Bitcoin on Binance is $103,936, up 0.17% from 24 hours ago.
Over the past three weeks, a large amount of Bitcoin (BTC) has been withdrawn from global cryptocurrency exchanges.
On the 14th (local time), cryptocurrency analyst Ali Martinez stated on X (formerly Twitter) that "100,000 BTC have been withdrawn from exchanges over the past three weeks."
Typically, when Bitcoin is withdrawn externally, the supply of Bitcoin within exchanges decreases, which is interpreted as a positive signal for price increases.
As of 10:02 PM, Bitcoin is trading at $103,936 on the Binance USDT market, up 0.17% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
