איבער $ 2 ביליאָן ביטקאָין אַוטפלאָוז יקסטשיינדזשיז אין אַ וואָך; וואָס עס מיטל פֿאַר בטק פּרייַז

אין מיטן פון די קריפּטאָקוררענסי מאַרק uncertainties, with the price of major assets switching from trading in the red to green and vice versa, קריפּטאָ יקסטשיינדזשיז have recorded massive withdrawals of the flagship digital currency from their וואָלאַץ.

Specifically, over 108,200 Bitcoin (בטק) have left the known crypto exchange wallets since June 14, according to a גלאַסנאָדע chart and data ארויס in a tweet by קריפּטאָ טריידינג expert Ali Martinez on June 21.

In other words, roughly $2.21 billion worth of Bitcoin has been withdrawn across exchanges in a single week, taking into account the price of the asset at the time of publication.

וואס עס מיינט

Typically, inflows and outflows from exchanges tend to fluctuate with changes in market sentiment. While an increase in inflows indicates increased selling pressure, massive outflow suggests increased buying pressure.

In this case, it means that more crypto market participants want to buy rather than sell Bitcoin, and/or choose to store their assets elsewhere. This also indicates a potential בוליש גאַנג in the near future, if the pattern holds for several days.

Bitcoin price analysis and predictions

By press time, Bitcoin was trading at $20,396, a 3.60% drop on the day and a 0.57% loss across the previous seven days, according to data retrieved from CoinMarketCap.

Meanwhile, despite the token trading back above the $20,000 mark, the InTheMoneyStocks.com chief market strategist Gareth Soloway has expressed his view that ביטקאָין קערעקשאַן צו $ 10,000 איז נאָך אויף די טיש.

That said, the Fairlead Strategies founder Katie Stockton predicts a relief rally, setting the key Bitcoin support level between $18,300 to $19,500 for this to play out, as פינבאָלד געמאלדן.

אין דער זעלביקער צייַט, עלטער סכוירע strategist at Bloomberg Intelligence Mike McGlone has opined that pre-pandemic deflationary circumstances will play out in the second half of the year, when Bitcoin, together with gold and U.S. treasury bonds, would emerge as the biggest beneficiary.

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.