Investors withdrawing Bitcoin from exchanges in record amounts, potentially indicating a shift to long-term holding strategies.

From Investing.com

February 6, 2025 08:36 AM:

Over 17,000 BTC was withdrawn from exchanges in a single day, marking a new record for daily withdrawals. This suggests a trend of investors moving their Bitcoin off exchanges, potentially indicating a shift towards long-term holding strategies. The total amount withdrawn is equivalent to approximately $740 million at current prices.

Read more at Investing.com: Over 17,000 BTC leaves exchanges in record daily withdrawal