Bitcoin Quietly Exits Exchanges As Retail Stays Silent
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Over 22,500 Bitcoin were quietly withdrawn from exchanges, likely for long-term storage by institutional players, not retail investors. While miner pressure eases, retail activity drops, showing Bitcoin accumulation is being driven by silent, larger entities. Maybe not many people noticed, but in early June something pretty big happened to Bitcoin. It wasn’t about the price soaring or falling sharply—it was about where the coins went. In early June, 22,500 BTC were withdrawn from exchanges. That amount wasn’t just any small transaction from retail investors who were tired of waiting. It was a big, quiet, and very purposeful movement. Usually, when people withdraw Bitcoin from exchanges, the intention is not to sell it, but to hold it. Stored tightly in a personal wallet, as if to say, “I’m not going to sell this anytime soon.” This isn’t a quick buy-and-sell strategy, it’s about long-term conviction. Source: CryptoQuant Interestingly, despite the large withdrawal, the price of Bitcoin is still moving in place. Even as this article is being written, BTC is still sitting at around $103,689, down 1.17% from the day before. Strange? Maybe. But there is an explanation. Retail Steps Back, While Institutions Slip In Silently If not retail investors, who is playing? According to CryptoQuant on-chain analyst Baykus Charts, this is most likely not the work of small investors. The ones playing here are ETF providers, institutional custodians, or OTC desks who usually buy in large amounts secretly. They are not the type to shout at X every time they enter a position. Their style is more like a ninja: silent, but effective. On the other hand, technical signals actually show something quite positive. CNF previously revealed that the Hash Ribbons indicator showed a potential long-term buying opportunity for BTC. Usually, this signal appears when selling pressure from miners begins…
Filed under: News - @ June 6, 2025 1:25 pm