This marks the third-largest Bitcoin withdrawal in the platform\u2019s history.<\/p>\n
The move has raised eyebrows among analysts and traders, igniting speculation about whether institutions are once again shifting their holdings to cold storage \u2014 a pattern often seen ahead of key market pivots.<\/p>\n
Large-scale outflows don\u2019t guarantee a price surge, but they often indicate strategic positioning. In many past cases, institutions have moved BTC off exchanges to hold long-term, which can tighten market supply and add upward pressure \u2014 especially if retail demand follows.<\/p>\n
However, not every outflow leads to a rally. In 2021, massive withdrawals preceded a market crash as China imposed a sweeping ban on crypto. Conversely, during the FTX collapse in late 2022, consistent BTC outflows were an early sign that the market had bottomed, leading to months of recovery.<\/p>\n