Bitcoin Exchange Outflows Hit 7-Month High
Over $1B in Bitcoin was withdrawn from exchanges, signaling bullish sentiment as BTC eyes $90K.
- 11,574 BTC withdrawn from exchanges on March 25
- Whales with 1,000+ BTC led the movement
- BTC supply on exchanges continues to fall
Whale Activity Surges as Bitcoin Eyes $90K
Bitcoin is showing strong bullish momentum, and the latest data adds more fuel to the fire. On March 25, Bitcoin exchange outflows reached a 7-month high, with over 11,574 BTC — worth nearly $1 billion — withdrawn from centralized platforms. The majority of these outflows were driven by whale wallets, each holding over 1,000 BTC.
This massive movement signals increasing confidence among large investors who prefer to store their holdings off exchanges, typically in cold wallets, indicating a long-term bullish outlook.
Falling Exchange Supply Points to Bullish Sentiment
Exchange outflows often serve as a key metric for market sentiment. When coins are moved off exchanges, it usually implies that holders are less inclined to sell, reducing the selling pressure in the market.
With Bitcoin attempting to break the $90,000 mark, this decline in exchange supply is a positive sign. The current trend mirrors previous bull markets, where reduced liquidity on exchanges preceded significant price rallies. If this pattern continues, BTC could be gearing up for another leg upward.
Whales Strengthen the Bull Case
The fact that whales are leading these withdrawals is especially noteworthy. Institutional players and high-net-worth individuals typically move with more caution and strategy. Their increased accumulation hints at strong underlying confidence in Bitcoin’s future price action.
This movement also aligns with macroeconomic trends and the growing narrative of Bitcoin as a hedge against inflation and a store of value. As exchange reserves dwindle and demand remains high, the supply crunch could intensify, pushing prices higher in the coming weeks.
