Significant Bitcoin withdrawals from major exchanges and record accumulation by long-term holders indicate diminishing sell pressure, potentially heralding a new bullish phase for the cryptocurrency market. Over 7,000 BTC have exited Binance since early June, reflecting a clear shift toward self-custody solutions and reduced exchange liquidity.
Long-term holders have accumulated more than 600,000 BTC, reaching their highest ownership level since September 2024. This substantial holding pattern provides critical market stability by effectively locking up supply. Concurrently, short-term holders remain largely inactive, further reducing risks of sudden sell-offs and price volatility.
Institutional participation continues to reinforce Bitcoin’s price foundation through consistent ETF inflows. The combination of shrinking exchange reserves and robust long-term holder accumulation creates conditions conducive to upward price momentum, suggesting the market may be entering a new accumulation phase.