From the bottom level of 15,800 USD in 2022, the amount of Bitcoin on exchanges has stabilized around 3 million BTC. But just in the past month, this has changed.
According to renowned analyst Willy Woo, the amount of Bitcoin leaving exchanges is skyrocketing. The latest chain data indicates: Bitcoin Exiting Exchanges
A large amount of Bitcoin is being withdrawn to cold wallets, a signal that long-term investors believe in Bitcoin's price increase. This action not only reduces supply but also creates upward pressure when demand exceeds supply capacity.
MicroStrategy, under the leadership of Michael Saylor, has purchased an additional 192,000 BTC. Notably, 48,000 Bitcoin (equivalent to 4.8 billion USD) has been withdrawn from exchanges, but the buyer has not been identified.
This proves that large whales are quietly accumulating, ready for significant price fluctuations.
Bitcoin Supply is Scarce
The amount of Bitcoin on exchanges is rapidly decreasing. As supply becomes scarce, the market may enter a stage where demand exceeds supply, pushing Bitcoin prices to new highs.
Whales have acted, indicating they believe in Bitcoin's bullish future. The question is: should you join now?
