The amount of BTC being removed from exchanges is happening at a pretty alarming rate!
Just this past week, another $700 MILLION was removed off exchanges.
The best way to understand this is a chart, it is rather alarming to see all the funds being removed, but not alarming in a bad way!
This type of behavior is many times a sign that a few things is happening.
- Investors are removing holdings for a long term position-
- The liquidity crisis inherently makes the asset more scarce
With this massive shift, while not a guarantee, is an amazing sign of the bullish nature of the ASSET!
From a HISTORICAL perspective, this is if not one of the biggest years off on-going months of liquidity drop offs from exchanges that this asset class might of ever seen.
@originate Developer & Market Analyst
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The flow of capital is ultra important.
In this case, capital is BTC. The fact it is moving from exchanges to longer term holding places means that people are securing it.
This is not surprising considering some of the entities that are buying larger shares. They are probably cleaning out the exchanges.
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Most Definitely the flow is very important. The mass securing as you said its a great sign, when it's at these levels it is saying a lot.
What is interesting is these larger players are naturally doing OTC, either that is trickling into these exchanges or larger retail is buying and hodling.
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