The recent massive withdrawal of Bitcoin from spot exchanges is a worrying trend for the market. Despite the rising price of Bitcoin, data shows that investors are choosing to hold onto their Bitcoin rather than sell it.

This move indicates that investors have high expectations for Bitcoin’s price to rise to a new all-time high.

While the market is generally showing uncertainty, optimism towards Bitcoin remains strong. Investors seem confident that Bitcoin will continue to strengthen, even though the rest of the market may face challenges.