Over 67,800 Bitcoin Withdrawn from Major Centralized Exchanges as Institutions Accumulate Amid Price Consolidation
Recent data highlights a significant outflow of over 67,854 BTC from major centralized exchanges in early June 2025, with top withdrawals from Bitfinex (25,368 BTC), Binance (10,292 BTC), and Coinbase Pro (9,867 BTC). The primary driver behind these withdrawals is believed to be institutional investors, such as ETF providers, custodians, and OTC desks, moving large amounts of Bitcoin into private wallets for self-custody or long-term holding. This trend signals a decline in short-term selling pressure on exchanges, reflecting growing bullish sentiment among long-term holders. Despite these substantial outflows, Bitcoin’s price hovered near $100,000 and consolidated, indicating market uncertainty. Analysts note that such contraction in exchange reserves often precedes significant upward price movements, though these effects may be delayed. However, factors like weak US economic data and tariffs could cause Bitcoin to trade sideways in the near term. Traders should monitor the reduced liquidity and potential for increased volatility, especially if demand rises, with a key support level at $96,719 that could trigger further price swings if breached.
Bullish
The large-scale withdrawal of Bitcoin from centralized exchanges, primarily driven by institutional players, indicates a strategic accumulation phase and decreased immediate selling pressure. Historically, such contraction in exchange reserves often precedes significant upward moves in Bitcoin prices, although this effect can be delayed. Despite macroeconomic uncertainties that could cause short-term price consolidation or sideways trading, the underlying sentiment points to long-term bullishness as supply on exchanges tightens. Market participants should watch for intensified volatility if demand surges, but the overall trend of exchange outflows signals positive momentum for Bitcoin’s long-term prospects.