Analyst: Since July 2024, over 550,000 BTC have been withdrawn from the platform, and the whales have not fully gotten on board or the bull run is approaching.

BlockBeatNews

2025-06-10 09:04:43

BTC-0,17%

According to BlockBeats news on June 10, Cryptoquant analyst Baykus stated that since July 2024, over 550,000 BTC have been withdrawn from trading platforms. As the number of Bitcoins on trading platforms decreases, the price of Bitcoin continues to rise. Bitcoin is no longer viewed merely as a speculative asset; it is becoming digital gold. People are buying Bitcoin not for short-term gains, but for long-term holding. If Bitcoin continues to be withdrawn from trading platforms, its price may further rise. Currently, large investors (Whales) have not fully entered the market. “Quiet accumulation” may be the precursor to a large-scale bull run.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

CoinKingTrueAndFalse

· 2025-06-10 09:06

Just go for it💪

View OriginalReply0