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An X post published by crypto analysts Ali reveals that Bitcoin investors have removed at least 10,000 BTC tokens from exchanges in the last seven days. This indicates that investors’ confidence in the Bitcoin market has increased considerably. For more details, dive in!
10,000 BTC Removed from Exchanges – What It Means
According to Ali’s post, no fewer than 10,000 BTC tokens have been withdrawn from cryptocurrency exchanges in the last seven days.
It is when an investor is confident that the price will go up, he moves his holdings from exchanges to his private wallet.
This massive withdrawal of BTC from crypto exchanges suggests that Bitcoin investors are very confident right now that the price of BTC will experience bullish momentum sometime soon.
Bitcoin Price Analysis
At the start of March 15, the BTC price was $84,284.47. On March 19, it touched a peak of $86,825.36. However, on March 20, the BTC market suffered a significant correction of 3.24%. The market has not yet recovered from the impact of the correction.
In the last 24 hours, the Bitcoin market has experienced a surge of 0.2%.
Also Read : IMF Recognizes Cryptocurrencies in Global Economic Data for the First Time ,
Bitcoin Price Predictions
According to Polymarket bettors, there is a 62% probability that the price of BTC will hit $110,000 in 2025. Bettors also forecast that there is a 48% chance of the price hitting $120,000.
Interestingly, the platform also predicts that there is a 14% chance that the price of Bitcoin will reach over $200,000.
Strikingly, there is even a 3% chance of the Bitcoin price hitting as high as $1,000,000 by the end of this year.
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