On-chain analyst The Data Nerd has reported that crypto market maker Cumberland's purported addresses have withdrawn a total of 1,755 BTC (worth $118 million) from several exchanges in the past 24 hours. The address currently holds 2,313 BTC ($155 million). This move by Cumberland is significant as it suggests that the firm may be anticipating a rise in the price of Bitcoin (BTC) and is moving to accumulate more of the cryptocurrency. It could also be a sign that Cumberland is expecting increased volatility in the BTC market and is taking steps to reduce its exposure to potential losses. Whatever the reason for Cumberland's actions, the withdrawal of such a large amount of BTC from exchanges is likely to have an impact on the market. It could lead to a decrease in the supply of BTC on exchanges, which could in turn lead to an increase in the price of BTC.