Bitcoin Sees Largest Exchange Outflow Since 2022
Bitcoin’s supply on exchanges dropped by 3%, signaling strong accumulation by big players.
- BTC saw its biggest exchange outflow in years.
- A 3% supply drop hints at accumulation similar to post-FTX levels.
- Large investors are buying the dip.
Bitcoin Exchange Outflows Surge: What It Means
Bitcoin has just experienced its largest exchange outflow since 2022, indicating that major players are accumulating BTC. Over the past week, a 3% drop in Bitcoin supply on exchanges suggests investors are withdrawing their holdings, potentially reducing selling pressure.
A Sign of Accumulation?
Historically, large exchange outflows have often signaled strong accumulation phases. A similar trend occurred in late 2022 after the FTX collapse, when investors moved their BTC off exchanges for long-term holding. The last time such significant outflows happened was in July 2023, which was followed by a strong price rebound.
Big Players Buying the Dip
The timing of these outflows suggests that institutional and large-scale investors are taking advantage of recent price dips to accumulate Bitcoin. With supply on exchanges decreasing, the likelihood of a supply squeeze increases, potentially fueling a price rally in the coming months.
