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.
Developer & Market Analyst