Investors have withdrawn over 30,000 BTC from crypto exchanges in the past seven days. How will this impact Bitcoin’s price?

As major corporations like Strategy continue to aggressively accumulate the top cryptocurrency, market observers warn of shrinking liquidity and potential volatility spikes.

BTC Outflow Signals Reduced Selling Pressure

Blockchain data from Santiment, shared by analysts, reveals that over 30,000 BTC (worth 2.5billion) have been moved off exchanges since March24.  

Additionally,106 million in BTC was transferred to private wallets in recent hours.

When traders move BTC to self-custody wallets, it often reflects a long-term holding strategy. This reduces available supply, which could drive price appreciation if demand persists.

Japan’s Metaplanet and California-based KULR Technology exacerbated the BTC shortage by purchasing 12.6millionand12.6millionand5.3 million worth of crypto, respectively. Even meme-favorite GameStop joined the fray, approving a plan to allocate $1.3 billion to digital assets.

Some experts argue Bitcoin may be in a Wyckoff reaccumulation phase, where institutional investors (“smart money”) accumulate the asset at lower prices post-downtrend.

Analysis suggests Bitcoin’s dip below 85,000 could be “manipulation” to shake out weak hands.If the cryptocurrency rebounds above 92,000, bearish traders may face significant liquidation risks.

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