Whales Increase Bitcoin Holdings as Over 15,000 BTC Withdrawn from Exchanges

Over 15,000 Bitcoin withdrawn from exchanges indicates growing investor confidence. Whales and mid-sized holders are accumulating rather than distributing BTC, signaling bullish sentiment. Bitcoin’s Money Flow Index shows hidden bullish divergence, suggesting a potential price rally towards $170,000-$200,000 by 2025, with Elliott Wave analysis predicting upward momentum to $200,000-$225,000 before the end of the cycle.

Recent data reveals that over 15,000 Bitcoin (BTC) have been withdrawn from exchanges in the past week. This substantial withdrawal indicates a surge in investor confidence, as more BTC is being moved into long-term storage. Such behaviour typically reflects a preference for accumulation over liquidation, suggesting that investors are expecting future price appreciation and are preparing for the asset’s growth potential.

Bitcoin’s market trend is currently bullish, and these increased withdrawals are expected to enhance upward momentum. Whales and large holders withdrawing BTC contribute to a decrease in circulation on exchanges. This scarcity, coupled with consistent demand, may compel BTC prices to rise, creating a positive feedback loop for market sentiment.

The Trend Accumulation Score indicates that Bitcoin whales, defined as holders with at least 10,000 BTC, continue to buy more. The current score stands at 0.7, signifying strong bullish sentiment among these major players. Additionally, mid-sized holders, typically possessing between 10 to 100 BTC, show a shift in strategy from distribution to accumulation, confirming their optimism for Bitcoin’s future price performance.

Bitcoin’s Money Flow Index (MFI) serves as a pivotal trading indicator, reflecting buying and selling pressures based on price and volume dynamics. Recent analysis shows a hidden bullish divergence within the MFI, where declining price action correlates with increasing buying pressure. This divergence hints at a potential upward trend, similar to patterns witnessed before price surges in previous cycles, with predictions suggesting BTC could reach values between $170,000 and $200,000 by late 2025.

Using Elliott Wave analysis, market cycles are illustrated as sequences of waves. Analyst Seth_fin posits that Bitcoin is currently in its third wave, expected to be the strongest of the cycle. A successful transition into the fifth wave could see Bitcoin prices soar to between $200,000 and $225,000 by 2025, setting a new all-time high.

Disclaimer: The views expressed in this article are solely for informational purposes and do not constitute financial advice. Trading and investing in cryptocurrencies carry inherent risks, including financial loss.