Source: DigitalToday
Original Title: Bitcoin Exchange Outflows Accelerate…Is It a Signal for Long-Term Holding?
Original Link:
Bitcoin is showing signals of long-term holding as large amounts are flowing out of exchanges.
According to data from market research platform Santiment cited by blockchain media outlet Cointelegraph on the 9th (local time), more than 403,000 Bitcoins have left exchanges since December 7, 2024, which is about 2% of the total supply.
When Bitcoin moves from an exchange to a personal cold wallet, the likelihood of it being sold decreases, indicating an intention to hold long-term. Santiment analyzed, “As Bitcoin prices remain around $90,000 and exchange supply continues to decrease, this is a positive signal.”
One background for the Bitcoin exchange outflow is the increased share of exchange-traded funds (ETF). Giannis Andreou, founder of Bitmern Mining, cited BitcoinTreasuries.Net data and emphasized, “Now, ETFs and listed companies hold more Bitcoin than exchanges.”
On-chain analytics firm CoinGlass also supports this trend. Bitcoins held on exchanges are about 2.11 million BTC, and according to BitBo, ETFs and listed companies hold more than 1.5 million BTC and 1 million BTC respectively. This amounts to 11% of the total Bitcoin supply.
Ultimately, this data suggests that the leadership of the Bitcoin market is shifting from individual short-term trading to long-term holding by institutions and companies. As large amounts move off exchanges and become locked up, market volatility is expected to decrease, further solidifying Bitcoin’s position as a long-term investment asset.
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Bitcoin exchange outflows accelerate… Is it a sign of long-term holding?
Source: DigitalToday Original Title: Bitcoin Exchange Outflows Accelerate…Is It a Signal for Long-Term Holding? Original Link: Bitcoin is showing signals of long-term holding as large amounts are flowing out of exchanges.
According to data from market research platform Santiment cited by blockchain media outlet Cointelegraph on the 9th (local time), more than 403,000 Bitcoins have left exchanges since December 7, 2024, which is about 2% of the total supply.
When Bitcoin moves from an exchange to a personal cold wallet, the likelihood of it being sold decreases, indicating an intention to hold long-term. Santiment analyzed, “As Bitcoin prices remain around $90,000 and exchange supply continues to decrease, this is a positive signal.”
One background for the Bitcoin exchange outflow is the increased share of exchange-traded funds (ETF). Giannis Andreou, founder of Bitmern Mining, cited BitcoinTreasuries.Net data and emphasized, “Now, ETFs and listed companies hold more Bitcoin than exchanges.”
On-chain analytics firm CoinGlass also supports this trend. Bitcoins held on exchanges are about 2.11 million BTC, and according to BitBo, ETFs and listed companies hold more than 1.5 million BTC and 1 million BTC respectively. This amounts to 11% of the total Bitcoin supply.
Ultimately, this data suggests that the leadership of the Bitcoin market is shifting from individual short-term trading to long-term holding by institutions and companies. As large amounts move off exchanges and become locked up, market volatility is expected to decrease, further solidifying Bitcoin’s position as a long-term investment asset.