According to Odaily, Cryptoquant analyst Baykus has noted that since July 2024, over 550,000 BTC have been withdrawn from trading platforms. As the amount of Bitcoin on these platforms decreases, its price continues to rise, indicating a shift in perception from a speculative asset to digital gold. Investors are increasingly purchasing Bitcoin for long-term holding rather than short-term gains. If Bitcoin continues to be withdrawn from exchanges, its price may further increase. Currently, large investors, known as 'whales,' have not fully entered the market. This 'quiet accumulation' could be the precursor to a significant bull market.

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