📊 Record BTC withdrawals!
🔍 Today, I wanted to share with you some data regarding BTC withdrawals on centralized exchanges (CEX).
👉 A few days ago, the market experienced one of the biggest days in terms of withdrawals in 2024:
📈 45,000 BTC were withdrawn from CEX on August 27 (or $2.7 billion)
🔜 Only two other days have recorded larger withdrawals in 2024...
👀 You have to understand that withdrawing BTC from exchanges shows that investors want to store their BTC in the medium to long term, and that they therefore have confidence in BTC. This is clearly a bullish signal, because it reduces selling pressure!
PS: If you like this kind of technical analysis, let me know by leaving reactions below ⬇️
