CryptoQuant notes 31,900 BTC worth about $3 billion withdrawn from exchanges in 24 hours
Bitcoin saw an exchange outflow of 31,900 BTC, valued at roughly $3 billion, during the past 24 hours, according to CryptoQuant author AxelAdlerJr. The move was flagged as an anomalous withdrawal from trading platforms. AxelAdlerJr stated that outflows of this scale have "historically corresponded to largescale accumulation."