More Than 67,800 Bitcoin Don Comot from Big Central Exchanges As Institutions Dey Gather Amid Price Consolidation
Recent data dey show say over 67,854 BTC don flow commot from big central exchanges for early June 2025, with top withdrawals from Bitfinex (25,368 BTC), Binance (10,292 BTC), and Coinbase Pro (9,867 BTC). Dem believe say na institutional investors like ETF providers, custodians, and OTC desks dey move plenty Bitcoin go private wallets for self custody or long-term hold. This trend mean say short-term selling pressure for exchanges dey reduce, and e show say long-term holders get better confidence. Even with these big outflows, Bitcoin price dey hover near $100,000 and e dey consolidate, meaning market still get wahala. Analysts talk say this kind shrinking of exchange reserves dey usually come before bigger price rise, but e fit show later. Still, things like weak US economic data and tariffs fit make Bitcoin trade sideways for short term. Traders suppose dey watch reduced liquidity and possible increase for volatility, especially if demand increase, with key support level at $96,719 wey fit cause more price movement if e break.
Bullish
Di big withdrawal of Bitcoin from centralized exchanges, mainly driven by institutional players, dey show say dem dey accumulate strategy and immediate selling pressure don reduce. Normally, when exchange reserves dey reduce like this before, e fit mean say Bitcoin price get big chance to go up, even though sometimes the effect fit delay. Even with macroeconomic wahala wey fit make price hold or move sideways small time, the real feeling na say long-term bullish trend dey because supply on exchanges dey tighten. Market players suppose watch well for any increase in volatility if demand jump, but overall, the exchange outflow trend mean good momentum for Bitcoin long-term future.