$BTC 403,200 BTC Withdrawn From CEXs In The Past Year

A total of 403,200 BTC has been net withdrawn from centralized exchanges (CEX) over the past year.

🔸 This massive outflow has reduced the total Bitcoin supply on exchanges by 2.09%. Historical data suggests that the lower the exchange reserves, the lower the probability of massive sell offs. Simply put, there is less inventory available to dump.

🔸 This is the strongest long term Bullish signal. The fact that investors are adamantly withdrawing BTC to private wallets even as prices sit at the $90,000 level proves they expect future prices to be significantly higher ($150k to $200k).

Are you leaving your Bitcoin on exchanges waiting to take profit, or have you withdrawn to cold storage to join the Diamond Hands squad in squeezing the supply?

News is for reference, not investment advice. Please read carefully before making a decision.