Despite how the development may appear, the platform highlighted that this is an indication of selling by investors. “In short, the $219 billion BTC exodus from exchanges doesn’t reflect fear,” Alphractal stated. Rather, it portrays the robust belief of investors who view Bitcoin as the future’s digital gold.
It is worth noting that Alphractal considers this trend as one of the strongest indicators of market confidence and maturity. After delving into the Exchange Flux Balance, a key metric that provides clarity on investors’ behavior on crypto platforms, Alphratcal outlined key takeaways in the massive outflows.
As BTC becomes less available on exchanges or a supply squeeze occurs, it is likely to reduce selling pressure. Historically, this is generally regarded as an exceptionally bullish indication since a tighter supply can raise prices when demand grows.
