$BTC
Bitcoin Leaving Major Exchanges — Is a Supply Squeeze Coming?
The crypto market came back to life after Easter Sunday, with Bitcoin leading the charge and jumping nearly 10%. BTC is now trading above $94,000, but momentum may be slowing down.
In recent days, large amounts of Bitcoin have been moved off major exchanges, a sign that investors might be feeling more confident about holding for the long term.
According to CryptoQuant, on Friday, April 25, Binance saw an outflow of 27,750 BTC — worth around $2.63 billion. This is the third-largest withdrawal in Binance’s history.
When big amounts of crypto are transferred from exchanges to personal wallets (non-custodial), it usually means investors plan to hold instead of sell. That often signals strong long-term belief in the asset.
Crypto analyst Wedson pointed out that while these outflows don’t guarantee a price increase, they often mean institutional investors are stepping in — and that can lead to big price swings.
However, Wedson also warned that big withdrawals don’t always stop price drops. He gave the example of China’s crypto ban in 2021, where outflows happened, but prices still fell.
He also mentioned that during the FTX collapse, several days of Bitcoin outflows came just before the market hit bottom and started to recover. That’s why he advises watching the overall trend of exchange withdrawals, not just one day’s data.
Large outflows often point to accumulation by big players, which shows growing optimism. If this continues, and if demand rises — especially from spot buyers or ETFs — we could see a supply crunch that might push Bitcoin’s price even higher.