Bitcoin has faced significant volatility and selling pressure since the start of February, leading to bearish price action across altcoins and meme coins. The heightened uncertainty has caused concern among market participants, as the bullish momentum seen earlier in the year seems to have stalled. Analysts are increasingly calling for a correction, citing signs of exhaustion among bulls as the price struggles to regain critical levels. The market’s current trend suggests further declines may be on the horizon, leaving investors anxious about Bitcoin’s next move.
Amid this uncertain landscape, intriguing on-chain metrics provide a glimmer of insight. Quinten Francois, a prominent crypto expert, shared data revealing that Bitcoin is vanishing from exchanges faster than ever before. This unprecedented rate of outflows signals strong accumulation among holders, who are moving their assets to cold storage or other non-custodial wallets. While selling pressure continues to weigh on Bitcoin’s price, the diminishing supply on exchanges indicates growing confidence in the asset’s long-term potential.
This trend could have significant implications for Bitcoin’s price trajectory in the coming months. As the market consolidates, many wonder whether reduced supply and growing institutional interest will eventually propel Bitcoin to new heights. For now, uncertainty remains the dominant theme.
Bitcoin Struggles Below $100K As Exchange Outflows Reach High Levels
Bitcoin’s price remains steady around the $96K mark, with bulls struggling to regain control and push BTC above the $100K level. The inability to reclaim this key psychological barrier as support has raised concerns among investors, with analysts predicting further declines if bears continue to dominate short-term price action.
Key insights from top analyst Quinten Francois, shared on X using CryptoQuant data, reveal a significant trend: Bitcoin is vanishing from exchanges faster than ever. Historically, such a trend is considered a bullish signal. When investors move Bitcoin from exchanges to private wallets, it often reflects growing confidence in the asset’s long-term potential and a lack of inte
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Author: Sebastian Villafuerte
