PiCK
[Analysis] "Bitcoin, Large Withdrawals from Exchanges... High Possibility of Increase"
YM Lee
- It was reported that the large withdrawals of Bitcoin from exchanges continue, increasing the possibility of a price rise.
- The situation of large Bitcoin withdrawals indicates that investors are continuously accumulating Bitcoin.
- It was reported that investors expect Bitcoin to reach a new all-time high.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The amount of Bitcoin (BTC) withdrawals from exchanges continues to rise.
On the 12th (local time), an analyst from the on-chain analysis platform CryptoQuant explained, "A large amount of Bitcoin has been withdrawn from spot exchanges in recent days," adding, "This phenomenon occurring amid a price increase suggests that investors are continuously accumulating Bitcoin."
He further added, "It implies that many investors expect Bitcoin to reach a new all-time high (ATH)."
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEEPiCK News
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