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No, Bitcoin withdrawals from exchanges are not inherently bullish for crypto

August 30, 2023 by DIGIT
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Traders say the record-low number of BTC held on exchanges is a bull signal, but data suggests otherwise.

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Categories custody, DOJ, Lawsuits, Markets, volume, Withdrawals
Price analysis 8/30: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
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  • bitcoinBitcoin(BTC)$96,363.00-2.08%
  • ethereumEthereum(ETH)$3,351.16-3.27%
  • tetherTether(USDT)$1.000.04%
  • rippleXRP(XRP)$2.24-2.70%
  • binancecoinBNB(BNB)$661.66-2.46%
  • solanaSolana(SOL)$184.13-5.74%
  • dogecoinDogecoin(DOGE)$0.315787-6.07%
  • usd-coinUSDC(USDC)$1.000.04%
  • staked-etherLido Staked Ether(STETH)$3,346.65-3.37%
  • cardanoCardano(ADA)$0.90-5.93%
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  • bitcoinBitcoin(BTC)$96,363.00-2.08%
  • ethereumEthereum(ETH)$3,351.16-3.27%
  • tetherTether(USDT)$1.000.04%
  • rippleXRP(XRP)$2.24-2.70%
  • binancecoinBNB(BNB)$661.66-2.46%
  • solanaSolana(SOL)$184.13-5.74%
  • dogecoinDogecoin(DOGE)$0.315787-6.07%
  • usd-coinUSDC(USDC)$1.000.04%
  • staked-etherLido Staked Ether(STETH)$3,346.65-3.37%
  • cardanoCardano(ADA)$0.90-5.93%