Several cryptocurrency exchanges have experienced significant efflux of Bitcoin (BTC) from their platforms in the last few weeks, a move that suggests sellers may be going out of market.
Bitcoin Price Returns to Under $70K
According to technical analyst Ali Martinez, approximately 22,647 Bitcoin were withdrawn across crypto exchanges in the past week. By this figure, a total of $1.57 billion has exited these digital asset trading platforms. These coins are probably leaving the centralized exchanges for storage in other platforms in what might be considered a bullish move.
Approximately 22,647 $BTC, worth over $1.57 billion, were withdrawn from #crypto exchanges in the past week! pic.twitter.com/IXxFXfECYG
— Ali (@ali_charts) June 8, 2024
This new development comes on the wheel of a significant dip in the price of the flagship cryptocurrency. At press time, Bitcoin was trading at $69,326.16 after a 2.35% drop in value within the last 24 hours. The coin recently soared above $70,000,
We współpracy z: https://coingape.com/bitcoin-drying-up-on-exchanges-22647-btc-removed-in-7-days/
