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❕NEWS Significant increase in the number of BTC exiting exchanges

aryan4

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According to CryptoQuant data, the difference between the number of BTC entering and leaving the wallets of exchanges was -14278 on 25.03.2021. In short, more than the amount of Bitcoin entering the exchanges was withdrawn from the exchanges.
For this situation, comments are made that the downward movement experienced is considered as a buying opportunity.
What do you think about this?
 
They might be moving from from exchange to another wallet that's not exchange more like offline , so we should not conclude that fast atleast
 
The declining movements experienced in the time passed until now were generally seen as buying opportunities. I think a similar result now does not seem unreasonable. I think it was pulled into cold wallets for security purposes.
 
Might be people that are buying and hodling bitcoin to another wallet, but might be interesting too to get statistics of other altcoins that are exchanged from bitcoin as I think some are exchanging to altcoin to get lower transaction fees
 
The declining movements experienced in the time passed until now were generally seen as buying opportunities. I think a similar result now does not seem unreasonable. I think it was pulled into cold wallets for security purposes.
News of recent wallet sites getting hacked made some people plan on moving their coin away from exchanges to safe guard their funds
 
According to CryptoQuant data, the difference between the number of BTC entering and leaving the wallets of exchanges was -14278 on 25.03.2021. In short, more than the amount of Bitcoin entering the exchanges was withdrawn from the exchanges.
For this situation, comments are made that the downward movement experienced is considered as a buying opportunity.
What do you think about this?
This is true. The constant exit of Bitcoin from circulation will lead to shortage, since most people keep in wallets for long term.
 
This is true. The constant exit of Bitcoin from circulation will lead to shortage, since most people keep in wallets for long term.
Well it would lead to shortage for those exchange sites that is been talked about ,and not bitcoin as a whole , many are not selling their bitcoin yet
 
Well it would lead to shortage for those exchange sites that is been talked about ,and not bitcoin as a whole , many are not selling their bitcoin yet
It's true that total supply of bitcoin will not decrease. What it means though is that the amount circulating for traders will reduce. Everyone is trying to board bitcoin now.
 
There can be many reasons...........

1. Selling and withdrawal.

2. Trading and hodling.

3. A negative opinion about bitcoins from one of the high ranking officials somewhere in the world.

That's enough to bring the bitcoin prices tumbling down, until the next positive opinion.
 
One thing about cryptocurrency especially Bitcoin ,is the fact that there will always be movement from to and fro in the exchanges ,because of people buying and selling
 
Yeah the down wards movement signify buying bitcoin which will in turn give rise to increase in prise of bitcoin. We might be experiencing a bullish run soon.
 

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