Bitcoin bulls rejoice: YTD high in sight – further $200M BTC withdrawn from exchanges Quick Take
- Yesterday, $200 million worth of Bitcoin was withdrawn from exchanges.
- This adds to the continuation of Bitcoin being taken off exchanges.
- Roughly 34,000 Bitcoin have been taken off exchanges in the past nine days.
- There was also a short squeeze — as the perpetual funding rate was negative.
- Premium on puts started to go higher, according to Options 25 Delta Skew ( 1 Week).
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.