Between February 9 and November 2, 2024, around 421,909 BTC has been withdrawn from exchanges.
Highlights:
Week 37: 46.2k BTC outflow
Week 42: 41.99k BTC outflow
This trend suggests a notable shift of $BTC off exchanges, possibly signaling increased HODLing.
Could this lead to a future supply shock? 🤔
Written by IT Tech
