My people! 💥 Watch out for this thing that's heating up! 🔥 It turns out that Bitcoin is making its moves and is leaving centralized exchanges as if it were in a hurry. Can you imagine? For the first time since 2019, the amount of Bitcoins on these platforms dropped below 2.9 million BTC. This is crazy! 🤯
And what does this mean, you may ask? Well, those who know the subject, the crypto experts, are seeing it with eyes of "there's something big cooking here!" It's like when the supply of a product decreases, what happens to the price? Exactly! It skyrockets. 🚀
Since April, over 150,000 BTC have flown away from the exchanges to be safely stored in cold wallets, meaning secure wallets outside of the platforms. The last time we saw such low balances, Bitcoin skyrocketed more than 230% in the following years! So, stay alert! 👀
Smart investors and major institutions are moving their Bitcoins, and it's not by chance! Companies like Michael Saylor's (that guy always has his eye on Bitcoin) and others like ProCap Financial and GameStop are buying like crazy and withdrawing their coins from exchanges. Imagine the power of that green bill! 💰
Moreover, Bitcoin ETFs are attracting an impressive amount of inflows, with over 800,000 BTC already in those custody wallets! All of this is contributing to making the supply of Bitcoin tighter than a reggaeton rapper's jeans. 👖
But, watch out! 🚨 Not everyone is celebrating. Financial author Robert Kiyosaki (the one from "Rich Dad, Poor Dad") dropped the bomb that a price crash could come in July. So stay sharp, because the market always surprises us! 🎢
Now, the big question is: is this the signal for the next Bitcoin lift-off, or are we in for a scare? Only time will tell, my people! Let's keep a close eye on this story! 🕵️♀️$BTC
