Bitcoin Exchange Balances Plummet: A Sign of Bullish Momentum

A recent report from crypto bank Sygnum Bank reveals a significant trend in the Bitcoin market: investors are withdrawing millions of coins from centralized exchanges. This shift, often interpreted as bullish, suggests a long-term outlook and supply changes that may impact prices. 1 million BTC have left exchange platforms over the past 18 months alone, representing a substantial decline of 30% from previous levels.