#BITCOIN VANISHING GRADUALLY FROM EXCHANGES 👀

Over 70,000 #Bitcoin $BTC have been withdrawn from exchanges in the past week.

What does this mean for crypto?

Actually, massive withdrawal from exchanges to cold wallets signify HODL but if it was deposited to exchanges, it means possible high selling pressure.

Furthermore , Storing Bitcoin in "cold wallets" is generally considered a bullish signal, as it indicates that the holder is taking a long-term, secure approach to their Bitcoin holdings, implying confidence in the currency's future value and a belief that the price will rise over time; essentially, they are not planning to sell their Bitcoin anytime soon.

So the massive exchange withdrawal is signaling long-term confidence in Bitcoin .

Are you still holding your bags 🙌