Bitcoin is being quietly withdrawn from exchanges, signaling long-term accumulation by holders rather than short-term trading activity.
Derivatives and options markets are heating up as traders prepare for a potential major move in Bitcoin’s future.
There is one thing that cannot be ignored: Bitcoin is increasingly disappearing from crypto exchanges. Not in the sense of disappearing or disappearing without a clear direction, but slowly and consistently being withdrawn by its owners.
According to analysis by Baykus Charts at CryptoQuant, the number of BTC stored on exchanges in July 2024 reached 1.55 million coins. Now? Only 1.01 million BTC remain. In a year, around 550,000 BTC have been withdrawn. That’s not a small number, and it’s certainly not a coincidence.
Source: CryptoQuant
Bitcoin Leaves Exchanges, But Derivatives Heat Up Fast
If people are withdrawing BTC from exchanges, it means they don’t want to sell anytime soon. They’re not day trading, they’re not lookin
