Every rally is the result of unseen preparation. As Bitcoin marches toward $110,000, what are investors doing? The answer is simple: They're pulling BTC off exchanges. Slowly but surely, with steady determination.
Is Bitcoin Disappearing from Exchanges?
July 2024: Exchanges held 1.55 million BTC.
Now: Only 1.01 million BTC remain.
That means 550,000 BTC has been withdrawn from exchanges in just one year! This isn’t just a routine move. People aren’t selling—they’re holding. They’re not day trading, they’re holding for the long term.
How Has Price Responded?
As BTC on exchanges decreased, the price moved in the opposite direction: up!
The logic is simple:
➡ Supply is shrinking (people are withdrawing)
➡ Demand is growing (more buyers entering)
➡ Result: Price is exploding!
What Does This Mean?
This data tells us one thing:
"Bitcoin is no longer seen as a speculative asset—it’s becoming digital gold."
People aren’t buying for short-term gains, but for the future.
So What Happens Next?
If BTC keeps leaving exchanges → Prices could go even higher.
Big investors (whales) haven’t fully entered the game yet.
This quiet accumulation could be the prelude to a massive rally.
Bottom line?
If BTC is being pulled from exchanges, it’s not a sign to sell. it’s time to HODL! 🚀
P.S. Of course, the crypto world is always full of surprises, but this trend looks strong.
Written by BaykusCharts
