Data shows that large amounts of Bitcoin i Ethereum have been moved out of exchanges in the past 15 days, approximately 61,000 BTC and 151,000 ETH. The transfer of funds out of exchanges indicates that investors are holding.
The amount of bitcoin and ethereum leaving exchanges has grown significantly in the past few days, according to data from stakleni čvor i U blok. In the past two weeks, about 61,000 BTC and 151,000 ETH have been transferred out. That is worth about $2.6 billion of BTC and $492 million of ETH.
Bitcoin and Ethereum moved to holding
When major assets like BTC and ETH leave exchanges, it is generally a sign that investors are hoarding the assets because they expect a run upwards. The assets would be left on the exchanges for trading otherwise. As IntoTheBlock notes, when large amounts of ETH moved away from exchanges in Oct. 2021, it led to a 15% increase in price within ten days.
Source: https://beincrypto.com/billions-dollars-bitcoin-ethereum-moved-off-exchanges-past-two-weeks/