CryptoQuant Analyst: Yesterday, over $500 million worth of Bitcoin flowed out from exchanges, potentially indicating a bullish market outlook.

Blockbeats

04-26

BlockBeats News, April 26th, CryptoQuant analyst Amr Taha stated that yesterday over $500 million worth of Bitcoin was withdrawn from exchanges, indicating that whales are moving Bitcoin off exchanges, possibly for long-term holding or off-platform purposes (such as DeFi or cold wallet storage). This is typically seen as a bullish sign, suggesting a decrease in selling pressure. Among them, over 7,000 bitcoins have been withdrawn from the Coinbase exchange.

Yesterday, over $150 million worth of Ethereum was withdrawn from centralized exchanges, which may indicate fund accumulation or preparation for staking/DeFi activities. Similar to Bitcoin, this may also reflect bullish sentiment in the market.

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This is typically seen as a bullish sign, suggesting a decrease in selling pressure. Among them, over 7,000 bitcoins have been withdrawn from the Coinbase exchange.Yesterday, over $150 million worth of Ethereum was withdrawn from centralized exchanges, which may indicate fund accumulation or preparation for staking/DeFi activities. Similar to Bitcoin, this may also reflect bullish sentiment in the market.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}