Over 61k Bitcoin has been taken off Exchanges in the last 5 days...

in bitcoin •  3 years ago 

Bitcoin is about to explode...

This is probably nothing...

A ton of supply has been moving off the Bitcoin Exchanges for the last year or so, a trend that has really accelerated over the last several days.

Check it out:

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(Source:

Over 61k Bitcoin has been taken off Exchanges in the last 5 days.

People take Bitcoin off of Exchanges for any number of reasons, but they send it to Exchanges for only one reason...

To sell.

That means that people have no interest in selling at the current prices the overall supply on Exchanges is getting smaller and smaller and smaller.

A big move higher is likely the end result.

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This was the straw that broke the camels back.

Up up and away from here.

Oh! Something is shifting!

Comment deleted. ❌
Original comment is phishing. 🎏
Sorry. 🙏

Upvoted! Thank you for supporting witness @jswit.
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Bitcoin is showing show uptrend and this seems like the most awaited bull run.. it is time to buy. The wait is over!

Awesome news. So we are in no danger of retracement?