šØThe last time this happened,
$BTC rose 12%! šš¤Æ MASSIVE ACCUMULATION! Matrixport withdraws 4,000 BTC ($454M) from Binance: Indicates institutional accumulation and a potential bullish momentum in Bitcoin. š³š
Lookonchain has just registered a gigantic movement of BTC out of Binance: Matrixport, a major financial platform in Singapore, withdrew 4,000
$BTC , valued at $454 million, over 20 hours.
š„Key Points of the Withdrawal: š
ā
Strategic Movement: This withdrawal represents a third of the 12,000
$BTC that Binance lost from its reserves this week. Withdrawing BTC from the exchange reduces selling pressure.
ā
Institutional Accumulation: The regularity and consistency of the transfers (with an average price of $113,500) indicate long-term storage, aligning with Chainalysis's report that 60% of BTC leaving exchanges is for holding.
šŖ Historical Precedent: In July 2024, Matrixport withdrew 3,500
$BTC from Binance. A week later, Bitcoin rose by 12%.
The Current Market Context:
BTC has risen nearly 90% this year, and institutional interest remains extremely high. Analysts consider this withdrawal a powerful bullish signal.
š¹Technical: The RSI is neutral (49), but the MACD shows a positive crossover.
šøKey Support: $111,000.
š¹Resistance to Monitor: $115,000 - $122,000.
šÆConclusion: Less BTC on exchanges is a positive signal for the price! The market is interpreting this action as strong institutional accumulation in anticipation of the next bullish phase.
#BTC #bitcoin #Matrixport #ballenas #acumulacion ā”ļø Follow Alezito50x for market alerts and strategy analysis. š§