As the price of Bitcoin approaches the 110,000 USD mark, a more noteworthy event is quietly happening behind the scenes: the amount of BTC withdrawn from exchanges is increasing significantly.
According to data from CryptoQuant, around 550,000 BTC has "disappeared" from exchanges in just one year – down from 1.55 million BTC in July 2024 to just 1.01 million BTC currently.
This indicates that investors are prioritizing long-term storage, rather than short-term trading, by transferring assets to cold wallets or safe storage solutions off-exchange.
