Over 35,000 BTC Withdrawn From Major Exchanges in Recent Days
The cryptocurrency market saw a resurgence post-Easter, with Bitcoin experiencing notable gains. Currently, it remains above the critical $94,000 mark but shows signs of losing momentum.
Significant Withdrawals from Exchanges
Investors are increasingly confident as large amounts of BTC continue to exit centralized exchanges:
- Over 35,000 BTC moved off major exchanges, including more than 27,750 BTC from Binance on April 25, valued at $2.63 billion.
- This withdrawal marks the third-largest net outflow in Binance's history.
- More than 7,000 BTC, worth approximately $66.5 million, left Coinbase, indicating potential institutional activity.
Analysts suggest that substantial outflows often reflect investor confidence and may precede price volatility. However, past events show that high outflows do not guarantee immediate price increases.
Current Bitcoin Price
The current price of BTC is around $95,200, up nearly 2% in the last 24 hours.
