$BTC
BTC
67,867.61
+1.35%
Bitcoin isn’t being sold.
It’s being withdrawn.
On-chain data shows BTC leaving exchanges at an accelerated pace — a classic supply shock setup.
When coins move OFF exchanges, they’re typically not meant for immediate selling. That’s accumulation behavior.
Less supply on exchanges = tighter liquidity.
And tighter liquidity can fuel aggressive upside moves when demand spikes.
We’ve seen this movie before.
The real question is:
Is this the early phase of a new expansion cycle… or just long-term holders repositioning?
Are we about to witness a supply squeeze?
Drop your view — bullish accumulation or neutral reshuffling?