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Longest streak of Bitcoin withdrawals surpassing deposits signals market shift Longest streak of Bitcoin withdrawals surpassing deposits signals market shift

Longest streak of Bitcoin withdrawals surpassing deposits signals market shift

with insights from Glassnode

June 27 marks the longest streak ever recorded of Bitcoin withdrawals from exchanges outpacing deposits to exchanges.

Longest streak of Bitcoin withdrawals surpassing deposits signals market shift

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Discover the intriguing shift in Bitcoin exchange dynamics as we explore the recent trend of more Bitcoin being withdrawn than deposited. While tracking Bitcoin's balance on exchanges is crucial, understanding the volumes of deposits and withdrawals provides unique insights into investor behavior and market liquidity. For the first time ever, daily withdrawals have outpaced deposits since the beginning of June, suggesting a major reversal from the historical trend... But what does this mean for the market and potential price changes? Unlock the full analysis with Alpha...