Bitcoin Whales Accumulate BTC as $4.5B Exodus From Exchanges Fuels BTC Price Surge

IntoTheBlock's data revealed a $4.5B exodus from exchanges in the last seven days. The data confirmed that whales were actively accumulating Bitcoin, as over 12% of the net outflow was attributed to large holders.

Bitcoin recorded a net outflow of $4.5 billion from exchanges over the past seven days as buying momentum pushed prices toward the $100,000 mark.

According to data from IntoTheBlock, large holders, known as whales (addresses holding over 1% of supply), and investors (addresses holding between 0.1%-1%) contributed to the net outflow, accounting for nearly 12% of the total.

The majority of the net outflow, around 88%, was attributed to smaller retail holders, classified as ‘crabs’ and ‘shrimps’ with less than 0.1% of the circulating supply.

This data suggests broad participation and optimism among Bitcoin holders at different levels, with the rising prices driving a positive sentiment in the market.

At the current price of $99.27K, the data showed that all Bitcoin holders, including small retailers (100%), were ‘in the money’ at this price point.

The sustained outflows and reduced liquidity could indicate a bullish price trend, potentially driven by a supply squeeze in the Bitcoin market.

According to Yahoo Finance, the last time such an intense accumulation of Bitcoin was observed was at the start of the current bull run in September.

Breaking down theの時間帯, 52% of the BTC outflows from exchanges occurred during Western trading hours (10 AM to 10 PM UTC), while the remaining 48% took place during Eastern trading hours (10 PM to 10 AM).

Data from Arkham also revealed that Binance had the highest BTC outflow in the past week, followed by Coinbase, Revolut, Bitfinex, and Deribit.

Meanwhile, CryptoQuant's data showed that the highest net outflow from exchanges this month was recorded on the 12th, with 106.29K BTC, valued at approximately $9.36B, being moved out of exchanges to wallets.

Chris Wood tips Bitcoin HODLers, намекает начать продавать at $150K

Christopher Wood, global head of equity strategy at Jefferies, disclosed his intention to sell his Bitcoin holdings when the price reaches $150,000, indicating a potential 53% upside from the current levels.

In his latest Greed & Fear notes, Wood stated that $150,000 would be a good price level at which to start making some profit on his investment.

He also highlighted that Bitcoin should not be viewed as a replacement for gold but rather as a digital alternative to traditional assets.

According to Wood, it's becoming riskier to ignore cryptocurrencies at this stage, especially with optimism that the Trump administration could champion Bitcoin's move into the mainstream.

He revealed that he initially bought into Bitcoin when prices were in the $22,000 range and allocated 10% of his global emerging markets equity portfolio for a U.S. dollar-denominated pension fund to Bitcoin.