Over 61k Bitcoin has been taken off Exchanges in the last 5 days...

in #bitcoin • 2 years ago

Bitcoin is about to explode...

This is probably nothing...

A ton of supply has been moving off the Bitcoin Exchanges for the last year or so, a trend that has really accelerated over the last several days.

Check it out:

image.png

(Source:

Over 61k Bitcoin has been taken off Exchanges in the last 5 days.

People take Bitcoin off of Exchanges for any number of reasons, but they send it to Exchanges for only one reason...

To sell.

That means that people have no interest in selling at the current prices the overall supply on Exchanges is getting smaller and smaller and smaller.

A big move higher is likely the end result.

#crypto #news #steemit #life #blog #investing #charts
2 years ago in #bitcoin by
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    • [-]
     2 years ago 

    This was the straw that broke the camels back.

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    [-]
     2 years ago 

    Up up and away from here.

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    [-]
     2 years ago 

    Oh! Something is shifting!

    [-]
     2 years ago 

    Upvoted! Thank you for supporting witness @jswit.
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      [-]
       2 years ago 

      Bitcoin is showing show uptrend and this seems like the most awaited bull run.. it is time to buy. The wait is over!

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        [-]
         2 years ago 

        Awesome news. So we are in no danger of retracement?

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