- It was reported that large-scale Bitcoin withdrawals from exchanges occurred following the U.S. presidential election.
- The withdrawn Bitcoin from exchanges is leading to aggressive buying at the institutional level.
- Approximately 200,000 BTC have been withdrawn since the election, explaining the recent Coinbase premium.
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.
Following the U.S. presidential election, large-scale withdrawals of Bitcoin (BTC) from cryptocurrency exchanges have been observed.
According to a report by CoinDesk on the 12th (local time), a significant amount of Bitcoin has been withdrawn from exchanges into personal wallets since Donald Trump won the U.S. presidential election in November.
Data from Glassnode indicates that Bitcoin worth over $10 million is rapidly exiting exchanges. Approximately 200,000 BTC have been withdrawn from exchanges since the election, suggesting aggressive buying at the institutional level.
The media analyzed, "Considering this data, it can be understood that the recent Coinbase premium is due to large-scale buying pressure."
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