Os dados do IntoTheBlock revelaram um êxodo de US$ 4,5 bilhões das exchanges nos últimos sete dias. Os dados confirmaram que as baleias estavam acumulando ativamente Bitcoin , já que mais de 12% da saída líquida foi atribuída a grandes detentores.
A saída substancial de Bitcoin das bolsas, conforme mostrado pelos dados, sinalizou um vento favorável para o preço do Bitcoin à medida que se aproximava da marca de 100 mil. O impulso crescente para grandes retiradas de BTC das bolsas (+2,19%) indicou que os grandes detentores pretendiam reduzir a pressão de venda e criar um ambiente de alta para futuros aumentos de preços.
Bitcoin registrou saídas líquidas colossais de US$ 4,5 bilhões das bolsas esta semana, à medida que o impulso de compra enviou os preços para a marca de US$ 100 mil pic.twitter.com/zJURFB8wYi
— IntoTheBlock (@intotheblock) 22 de novembro de 2024
The withdrawal of BTC worth $4.5 billion from exchanges in the last seven days implied that investors intend to hold BTC for the long term, anticipating a potential rise in price. The highest net outflow during the week (-$3.9B) was recorded on November 19th, when BTC broke above $93K to set a new ATH, as per Coingecko’s data.
Whales (addresses holding over 1% of supply) and investors (addresses holding between 0.1%-1%) accounted for nearly 12% of the net outflow. Retailers (‘crabs’ and ‘shrimps’ with less than 0.1% of the circulating supply) were responsible for 88% of the net outflow. The BTC accumulation highlighted increased confidence and participation by BTC holders on all levels.
The data showed that all BTC holders, including small retailers (100%), were ‘in the money’ at the current price of $99.27K. Reduced liquidity suggested a bullish price trend created by a potential BTC supply squeeze. Yahoo Finance confirmed that such an intense accumulation of BTC had not been seen since September when the current bull run began.
According to the market intelligence platform, 52% of the BTC outflows from exchanges occurred during Western trading hours (10 AM to 10 PM UTC), while 48% occurred during Eastern trading hours (10 PM to 10 AM).
Arkham’s data showed that Binance had the highest BTC outflow in the past week, followed by Coinbase, Revolut, Bitfinex, and Deribit. However, CryptoQuant’s data showed that the highest net outflow from exchanges this month was recorded on the 12th when 106.29K BTC worth ~$9.36B was transferred to wallets.
Christopher Wood, global head of equity strategy at Jefferies, announced his intention to sell his Bitcoin holding when the price reaches $150K (+53%). Wood said that $150K was a good price level at which to start making some profit. Wood emphasized that Bitcoin was not to be seen as a replacement for gold. Instead, Bitcoin was to be seen as a digital alternative to traditional assets.
Wood stated that it was becoming increasingly risky to ignore crypto at this point. He mentioned the optimism surrounding Trump’s administration saying that it could champion BTC’s move into the mainstream. Wood said he initially invested in Bitcoin when prices were at the 22K range and he allocated 10% of his global portfolio for a U.S. dollar-denominated pension fund to Bitcoin.
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