Bitcoin Whale Behavior Sparks Confidence – 3.77 Million BTC Off Exchanges

Cryptocurrency research firm Alphractal highlights a significant shift in Bitcoin’s movement on exchanges. Since February 2020, over 3.77 million BTC have been withdrawn from exchanges, amounting to approximately $219 billion in value. This seemingly bearish move could be interpreted as a sell-off, but according to Alphractal, it signals the opposite: growing confidence and maturity within the market.