$BTC withdrawals from spot exchanges have increased in the past few hours. Some of these Bitcoins have been moved to derivatives markets, while others are being held in cold wallets. This could indicate a decrease in selling pressure in the market. While the crypto market is generally volatile and uncertain, this move indicates optimism about Bitcoin’s long-term potential. Analysts believe that the reduction in selling pressure could provide a positive boost to BTC’s price going forward, even though market challenges remain.