The enthusiasm for Bitcoin withdrawals continues to rise. The latest 24-hour data shows that multiple exchanges experienced significant net outflows of BTC, totaling over 1,700 coins. Among them, Kraken's outflows were the most notable, with a single exchange withdrawing 2,394 BTC, indicating that institutions and large holders have a strong willingness to withdraw. Bybit followed closely, with an outflow of 395 coins, while Bitfinex's outflow was relatively moderate at about 62 coins. This wave of withdrawal reflects the increasing importance market participants place on self-custody and also indirectly confirms the current optimistic sentiment—people are more inclined to transfer assets into their own control.
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PumpDoctrine
· 5h ago
These big players are really starting to stockpile hardware wallets. It seems they no longer trust exchanges.
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SocialFiQueen
· 5h ago
Are the big players starting to run away? 1,700 BTC is not a small or a large amount, but the key is this signal... managing your own funds definitely feels more reassuring.
The enthusiasm for Bitcoin withdrawals continues to rise. The latest 24-hour data shows that multiple exchanges experienced significant net outflows of BTC, totaling over 1,700 coins. Among them, Kraken's outflows were the most notable, with a single exchange withdrawing 2,394 BTC, indicating that institutions and large holders have a strong willingness to withdraw. Bybit followed closely, with an outflow of 395 coins, while Bitfinex's outflow was relatively moderate at about 62 coins. This wave of withdrawal reflects the increasing importance market participants place on self-custody and also indirectly confirms the current optimistic sentiment—people are more inclined to transfer assets into their own control.