{"id":671497,"date":"2025-01-07T12:00:52","date_gmt":"2025-01-07T12:00:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=671497"},"modified":"2025-01-06T19:03:31","modified_gmt":"2025-01-06T19:03:31","slug":"bitcoin-exchange-equilibrium-whales-240000-btc","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-exchange-equilibrium-whales-240000-btc\/","title":{"rendered":"Bitcoin Exchange Supply Breaks Equilibrium: Whales Scoop Up 240,000 BTC"},"content":{"rendered":"

On-chain data shows the Bitcoin spot exchange inventory, which had been stuck in consolidation earlier, has finally started following a new trajectory.<\/p>\n

Bitcoin Spot Exchange Supply Has Seen A Sharp Plunge Recently<\/h2>\n

In a new post<\/a> on X, analyst Willy Woo has discussed about the trend in the Bitcoin spot exchange inventory<\/a>. This metric keeps track of the total amount of the cryptocurrency that’s sitting in the wallets of all centralized spot exchanges.<\/p>\n

Related Reading: Dogecoin Jumps 20%, But Social Media Still Bearish: Green Signal For Rally?<\/a><\/div>\n

This part of the exchange supply refers to the actual tokens of the asset that exist on the blockchain. The exchange supply that doesn’t actually involve users to own BTC, as is the case with derivatives products, is known as “paper BTC<\/a>.”<\/p>\n

When the spot exchange inventory rises, it means the investors are depositing a net number of coins into the wallets associated with these platforms. As one of the main reasons why holders might transfer their BTC to exchanges is for selling-related purposes, such a trend can have a bearish impact on the asset’s price.<\/p>\n

On the other hand, the indicator going down implies the exchange outflows are outweighing the exchange inflows. Investors usually take their coins off into self-custody when they plan to hold into the long-term, so this kind of trend can be bullish for the cryptocurrency.<\/p>\n

Now, here is a chart that shows the trend in the Bitcoin spot exchange inventory over the last couple of years:<\/p>\n

\"Bitcoin
The value of the metric seems to have been following a sharp downtrend in recent months | Source: @woonomic on X<\/a><\/figcaption><\/figure>\n

As displayed in the above graph, the Bitcoin spot exchange inventory saw a large plunge around the time of the FTX collapse<\/a> back in November 2022. This suggests a large movement of coins occurred out of these platforms as the asset’s bear market reached its bottom.<\/p>\n

Following this plummet, the indicator started a phase of consolidation that lasted for the entirety of 2023 and most of 2024. The trend finally broke in the last couple of months of 2024, when the metric registered a sharp crash.<\/p>\n

These outflows came alongside Bitcoin’s exploration of new all-time highs, implying the accumulation from the investors might have played a role in the run. In total, 240,000 BTC exited the exchange-related wallets during this plunge.<\/p>\n

Related Reading: Dogecoin Bullish Signal: Whales Make $1.08 Billion Net DOGE Purchase<\/a><\/div>\n

Woo has pointed out that Microstrategy’s buying in this period summed up to about 192,000 BTC, which means there are other whales present in the market taking significant amounts off the exchanges.<\/p>\n

So far, the downtrend in the spot exchange inventory has shown no signs of reaching a bottom, as outflows have continued into 2025. If investors indeed keep up the accumulation in the near future as well, then Bitcoin could benefit from some further bullish momentum.<\/p>\n

BTC Price<\/h2>\n

Bitcoin has continued its recovery in a sharp fashion during the last 24 hours as its price has broken back above the $101,700 mark.<\/p>\n

\"Bitcoin
Looks like the price of the coin has observed a surge over the last few days | Source: BTCUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured image from Dall-E, woocharts.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

On-chain data shows the Bitcoin spot exchange inventory, which had been stuck in consolidation earlier, has finally started following a new trajectory. Bitcoin Spot Exchange Supply Has Seen A Sharp Plunge Recently In a new post on X, analyst Willy Woo has discussed about the trend in the Bitcoin spot exchange inventory. This metric keeps track of the total amount of the cryptocurrency that’s sitting in the wallets of all centralized spot exchanges. Related Reading: Dogecoin Jumps 20%, But Social Media Still Bearish: Green Signal For Rally? This part of the exchange supply refers to the actual tokens of the asset that exist on the blockchain. The exchange supply that doesn’t actually involve users to own BTC, as is the case with derivatives products, is known as “paper BTC.” When the spot exchange inventory rises, it means the investors are depositing a net number of coins into the wallets associated with these platforms. As one of the main reasons why holders might transfer their BTC to exchanges is for selling-related purposes, such a trend can have a bearish impact on the asset’s price. On the other hand, the indicator going down implies the exchange outflows are outweighing the exchange inflows. Investors usually take their coins off into self-custody when they plan to hold into the long-term, so this kind of trend can be bullish for the cryptocurrency. Now, here is a chart that shows the trend in the Bitcoin spot exchange inventory over the last couple of years: As displayed in the above graph, the Bitcoin spot exchange inventory saw a large plunge around the time of the FTX collapse back in November 2022. This suggests a large movement of coins occurred out of these platforms as the asset’s bear market reached its bottom. Following this plummet, the indicator started a phase of consolidation that lasted for the entirety of 2023 and most of 2024. The trend finally broke in the last couple of months of 2024, when the metric registered a sharp crash. These outflows came alongside Bitcoin’s exploration of new all-time highs, implying the accumulation from the investors might have played a role in the run. In total, 240,000 BTC exited the exchange-related wallets during this plunge. Related Reading: Dogecoin Bullish Signal: Whales Make $1.08 Billion Net DOGE Purchase Woo has pointed out that Microstrategy’s buying in this period summed up to about 192,000 BTC, which means there are other whales present in the market taking significant amounts off the exchanges. So far, the downtrend in the spot exchange inventory has shown no signs of reaching a bottom, as outflows have continued into 2025. If investors indeed keep up the accumulation in the near future as well, then Bitcoin could benefit from some further bullish momentum. BTC Price Bitcoin has continued its recovery in a sharp fashion during the last 24 hours as its price has broken back above the $101,700 mark. Featured image from Dall-E, woocharts.com, chart from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":671501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,85003,93866,19064,1119,78790],"class_list":["post-671497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-exchange-supply","tag-bitcoin-spot-supply","tag-bitcoin-whales","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Exchange Supply Breaks Equilibrium: Whales Scoop Up 240,000 BTC<\/title>\n<meta name=\"description\" content=\"Data shows the Bitcoin spot exchange inventory, which had been consolidating earlier, has recently started following a new trajectory.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Exchange Supply Breaks Equilibrium: Whales Scoop Up 240,000 BTC","url":"http:\/\/ktsl888.com\/bitcoin-news\/bitcoin-exchange-equilibrium-whales-240000-btc\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/bitcoin-news\/bitcoin-exchange-equilibrium-whales-240000-btc\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/btc_df9570.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/btc_df9570.png?fit=1792%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin exchange supply","bitcoin spot supply","bitcoin whales","btc","btcusdt"],"dateCreated":"2025-01-07T12:00:52Z","datePublished":"2025-01-07T12:00:52Z","dateModified":"2025-01-07T12:00:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Exchange Supply Breaks Equilibrium: Whales Scoop Up 240,000 BTC\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/bitcoin-news\\\/bitcoin-exchange-equilibrium-whales-240000-btc\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/bitcoin-news\\\/bitcoin-exchange-equilibrium-whales-240000-btc\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/btc_df9570.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/btc_df9570.png?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin exchange supply\",\"bitcoin spot supply\",\"bitcoin whales\",\"btc\",\"btcusdt\"],\"dateCreated\":\"2025-01-07T12:00:52Z\",\"datePublished\":\"2025-01-07T12:00:52Z\",\"dateModified\":\"2025-01-07T12:00:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2025\/01\/btc_df9570.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/671497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=671497"}],"version-history":[{"count":3,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/671497\/revisions"}],"predecessor-version":[{"id":671733,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/671497\/revisions\/671733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/671501"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=671497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=671497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=671497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}