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1 Million Bitcoin Pulled From Exchanges In The Past 3 Years: What It Means For The BTC Market

Undoubtedly, Bitcoin has seen significant growth over the past years both in market price and as a network, solidifying its reputation as a considerable financial haven. Adding more credibility to this fact, a CryptoQuant analyst known as Gaah recently highlighted a notable trend: a large volume of Bitcoin—roughly 1 million BTC—has been withdrawn from crypto exchanges over the past three years. This trend reflects not only the increasing recognition of Bitcoin as a financial asset but also a notable shift in investor behavior. It also suggests a changing dynamic in how market participants view and use the asset in recent years. Related Reading: Bitcoin Reclaims Crucial Liquidity Level – No Resistance Left Below ATH What It Means For The BTC Market Gaah’s analysis points to a clear trend: approximately one million BTC have been withdrawn from exchanges over the past three years. This pattern reflects a growing preference among investors to hold Bitcoin off-exchange, a strategy that often signals long-term confidence in the asset’s value. Gaah wrote: This trend reflects both the growing global adoption of the asset as a store of value and a strategy against market volatility, using the asset itself as a margin in hedge operations. Gaah also highlighted that the trend first gained attention in November 2022, when significant outflows coincided with a period of market weakness. Investors appeared to be accumulating Bitcoin in anticipation of a notable recovery. 1 million Bitcoin withdrawn from exchanges in the last 3 years “The withdrawal of BTC from exchanges reduces liquidity and, consequently, selling pressure, which can support the price in short-term realizations.” – By @gaah_im Read more ????https://t.co/sZHbF3r36m pic.twitter.com/DfFm4YtGWj — CryptoQuant.com (@cryptoquant_com) January 20, 2025 Now, two years later, a similar wave of withdrawals is occurring, but this time against the backdrop of Bitcoin trading near historic highs. Gaah noted: This contrast between accumulation during a bearish period and withdrawal after strong rises reveals the different market dynamics impacted by changes in behavior since the market matured. It is worth noting that by reducing liquidity on exchanges, these withdrawals can also decrease selling pressure, providing support for Bitcoin’s price during market corrections. However, the analyst mentioned: With fewer BTC available for trading, the market is preparing for new, more volatile price movements. Bitcoin Market Performance Meanwhile, BTC has so far been on a rollercoaster ride since the year began. After initially beginning the year with an increase, BTC was quick to face correction which left investors in despair. Related Reading: Why Bitcoin’s Ongoing Recovery Could Be Just the Beginning Of a Larger Rally However, as of today, the asset is now back in a bullish action. In the early hours of Monday, Bitcoin saw a notable surge renewing its all-time high after a breach above $109,000. This has caused the asset’s weekly performance to enter a double-digit gain. However, at the time of writing, there has been a slight retracement with BTC now trading at $104,782, marking a 0.1% decrease in the past day. Featured image created with DALL-E, Chart from TradingVIew CoinTurk News

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Web3Bay Leads 2025’s Bull Run While SUI & BNB Price Face Volatility; Is This the Next 10x Crypto?

As the cryptocurrency market continues to unfold in 2025, a select group of digital currencies are making headlines not just for their price swings but for their potential to reshape entire industries. Amid this landscape, the BNB and SUI coins are particularly noteworthy due to their dramatic price fluctuations and the broader implications for traders and investors. Meanwhile, Web3Bay is becoming the next 10x crypto, carving out a niche in the e-commerce sector by seamlessly blending traditional financial mechanisms with innovative blockchain technology, setting a new standard for online commerce. This integration represents a significant shift towards more decentralized and user-empowered shopping experiences. BNB Price Action: Navigating a Volatile Landscape The BNB token has recently encountered robust resistance levels, manifesting bearish trends that have influenced its market behavior significantly. Observers have noted a downturn, with the price dropping to $676.54, a 2.38% decrease, amid escalating selling pressures. This downturn is closely monitored as BNB approaches the critical support zone around $609.6. The negative funding rates on exchanges, indicating a bearish sentiment among traders, further compound the complexities of BNB’s future price movements. The mixed signals from the market suggest a cautious approach, as BNB might face further challenges unless it can effectively navigate these technical barriers. SUI Coin Trends: Potential Amidst Uncertainty Similarly, the SUI coin has been on a rollercoaster, displaying potential for substantial growth mixed with significant risks. Price predictions for SUI vary, with potential highs reaching up to $9.92, contingent on overcoming the resistance near $5.40. However, the volatile nature of the market and intense competition pose substantial challenges to its ascent. Additionally, looming regulatory changes could impact the adoption rates and overall valuation of SUI, prompting investors to maintain a vigilant stance on this emerging cryptocurrency. Revolutionizing Retail: Web3Bay’s Innovative Model Amidst the backdrop of fluctuating cryptocurrencies, Web3Bay is pioneering the fusion of Web2 and Web3 realms in e-commerce, becoming the next 10x crypto. This crypto is quickly becoming the market’s new sensation as shown in its rapid presale growth of over $830K within weeks. By melding conventional payment methods such as PayPal with cutting-edge blockchain payment options, Web3Bay offers a comprehensive and user-friendly shopping experience. This integration is not just about convenience but also about savings and investment growth; shoppers utilizing the 3BAY token enjoy a 5% discount on their purchases, enhancing the appeal of Web3 technologies in everyday commerce. The 3BAY token, central to the Web3Bay ecosystem, not only facilitates transactions but also serves as an investment vehicle with substantial growth potential. Currently, in its fourth presale stage, the token price is $0.004562, with projections pointing to a significant return on investment as the platform gains traction and the token appreciates in value. Looking Ahead: Web3Bay’s model exemplifies how Web3 can transform e-commerce, offering a secure, transparent, and efficient system that benefits both crypto-savvy users and those new to digital currencies. As the platform continues to grow, 3BAY tokens are voted as the next 10x crypto, further solidifying its position in the market. Meanwhile, the BNB and SUI coins continue to navigate the challenging waters of the crypto market. These elements collectively highlight the complexities and opportunities within the current market, offering both challenges and significant potential for growth and innovation. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ The post Web3Bay Leads 2025’s Bull Run While SUI & BNB Price Face Volatility; Is This the Next 10x Crypto? appeared first on TheCoinrise.com . CoinTurk News