Last week saw a significant decrease in the Solana (SOL) balance held on centralized exchanges (CEX), with a reported withdrawal of 2.03 million SOL. This data, highlighted by BeInCrypto, often signals a bullish trend. The reasoning is simple: withdrawals from exchanges typically indicate investors are moving their SOL to cold storage or staking platforms, suggesting a long-term holding strategy rather than immediate selling pressure. A shrinking SOL balance on exchanges implies reduced supply available for trading, potentially driving up the price if demand remains constant or increases. This trend reflects growing confidence in the Solana network and its future prospects. Investors choosing to hold their SOL offline are less likely to panic-sell during market downturns, contributing to price stability and potentially fueling future price appreciation. The decrease suggests a strengthening sentiment within the Solana community, with more individuals opting for long-term investment strategies. ```