🚀 Bitcoin is showing signs of a strong price increase! 🚀
- On September 10, about $750 million in BTC was withdrawn from exchanges, the highest level since May. 📈
- According to ITB, this could signal a change in investor sentiment as BTC prices hover around $57,000.
- Juan Pellicer from ITB said that BTC withdrawals to private wallets could be due to regulatory concerns and expectations of price increases.
- The trend of self-custody and cold wallets is on the rise for security reasons.
- The high trading volume on September 10 suggests the involvement of large institutions, which could be a positive long-term sign for BTC.
- History shows that when BTC leaves exchanges, the price usually increases due to a decrease in supply and increase in demand.
What do you think about this trend? Comment below! 💬