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No, Bitcoin withdrawals from exchanges are not inherently bullish for crypto

August 30, 2023 by DIGIT
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Traders say the record-low number of BTC held on exchanges is a bull signal, but data suggests otherwise.

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Categories custody, DOJ, Lawsuits, Markets, volume, Withdrawals
Price analysis 8/30: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
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Stay updated with the latest trends and expert analyses in cryptocurrency on Digit Info, your go-to site for auto-bookmarked crypto news and insights from top sites

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  • bitcoinBitcoin(BTC)$76,237.00-2.62%
  • ethereumEthereum(ETH)$2,263.64-2.45%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$756.28-2.37%
  • rippleXRP(XRP)$1.59-1.38%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$97.88-5.80%
  • tronTRON(TRX)$0.2866481.32%
  • staked-etherLido Staked Ether(STETH)$2,258.91-3.75%
  • dogecoinDogecoin(DOGE)$0.1079440.80%
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  • bitcoinBitcoin(BTC)$76,237.00-2.62%
  • ethereumEthereum(ETH)$2,263.64-2.45%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$756.28-2.37%
  • rippleXRP(XRP)$1.59-1.38%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$97.88-5.80%
  • tronTRON(TRX)$0.2866481.32%
  • staked-etherLido Staked Ether(STETH)$2,258.91-3.75%
  • dogecoinDogecoin(DOGE)$0.1079440.80%