Bitcoin (BTC) is consolidating between $94,000 and $92,000, but investors are actively withdrawing assets from exchanges. 📉 In the last two weeks, BTC has dropped and is currently trading around $93,750.

Analysis from AxelAdlerJr of CryptoQuant shows that BTC deposits on exchanges have reached record low levels, which could foreshadow significant price movements.

Traders prefer to keep BTC in personal wallets, which may cause a shortage in the spot market and push prices up. 🚀