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The balances of Bitcoin Exchanges have been experiencing a decrease, to its lowest point; which was reached last in the month of March 2018. This remarkable plunge, which is a result of large outflows from both Coinbase and Binance; indicates increased interest in long term investment in Bitcoin.
Due to the fact that major holders of Bitcoin, known popularly as whales, move their Bitcoin holdings to their private wallet; this strategy strongly signals an expectation of a surge in the price of Bitcoin.
These recent movement of Bitcoin holdings by whales to their private wallets, have brought about bullish sentiments and forecast for Bitcoin. Crypto experts suggest that Bitcoin has the prospective of making massive profits in the coming months.
Binance, which is the exchange that holds the most Bitcoin, has been seeing remarkable levels of withdrawal since 2023. Coinbase has been experiencing the same, with its biggest outflows of about 16,000 Bitcoin in one day in 2024.
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I am really quite confident that bitcoin will definitely perform quite well in this year bull run. It is just a matter of time
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Due to the fact that major holders of Bitcoin, known popularly as whales, move their Bitcoin holdings to their private wallet; this strategy strongly signals an expectation of a surge in the price of Bitcoin
There is a whole lot of things facing bitcoin
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