Over 36,800 bitcoin have flowed out of exchange wallets since the start of January—a signal that accumulation pressure is mounting across the market. When coins leave exchanges, the available supply for immediate selling shrinks considerably, which typically eases short-term sell pressure and shifts the balance toward bullish dynamics.

This sustained outflow suggests that major holders recognize the current positioning opportunity. Fewer coins sitting on exchange order books directly translates to reduced liquidity for dumping, forcing potential sellers to work harder to move positions. For those tracking whale behavior and on-chain metrics, this pattern is worth monitoring closely as it shapes near-term price discovery and market structure.