Over 40,000 Bitcoins withdrawn from exchanges this week – Will the recalculation start?

Bitcoin is finally beginning to change its correlation with U.S. stocks, indicating a potential shift in market dynamics. Analysts call for a radical surge if BTC manages to maintain its current level and continue to push higher. The Bulls are becoming more confident after Bitcoin pushes Bitcoin above the $90,000 mark—a key area that has previously been strongly resistant in months of merger and sales pressure.

Although the Bulls are now in short-term control, the risk of a sharp decline is still rising. Ongoing tensions between the United States and China have exacerbated global trade instability and continue to threaten the wider financial markets. Since U.S. President Donald Trump won reelection in November 2024, fear and volatility have dominated the landscape, creating an unpredictable macroeconomic backdrop.

Despite these headwinds, the chain indicators draw bullish pictures. According to recent data, over 40,000 bitcoins have been withdrawn from exchanges in the past week, indicating a strong cumulative trend. This movement shows that investors are increasingly choosing themselves to customers, reducing the availability of supply on trading platforms – a dynamic that historically supports higher prices. As the market enters a critical stage, Bitcoin’s behavior in the coming days can define the next major trend.

Bitcoin faces a decisive moment when the bulls maintain short-term control

Bitcoin is now entering a critical phase, and in the coming weeks, price action may shape the direction of the market in the coming months. The Bulls are currently in short-term control after a sharp surge in rapid push of BTC firmly above the $90,000 mark. Yet despite this momentum, the high risk of reversal remains as global trade instability continues to dominate the macroeconomic narrative.

Tensions between the United States and China continue to exist, with tariffs and supply chains shattering threatening global markets. While some analysts are optimistic, calling for Bitcoin to gather towards a new historical peak (ATH) in the coming weeks, others remain cautious, believing that the recent power may be a temporary reaction rather than the beginning of a sustained breakthrough.

A key signal that supports bullish views is to increase investor accumulation. Top analyst Ali Martinez shared the data showing that more than 40,000 BTC has been withdrawn from the exchange in the past week. This strong outflow trend shows that investors are increasingly moving their BTC to cold storage, reducing available supplies and strengthening the basis for potential price increases.

As Bitcoin hovers at critical resistance levels, the next few days and weeks will be key. The ongoing surge can confirm the beginning of a new bull phase, and the failure to hold the ongoing areas of key support areas may lead to renewed volatility.

BTC price update: Bulls remain stable as key horizontal loom

Bitcoin is currently trading at $93,900, and after an impressive multi-week rally, Bitcoin has maintained a strong position. But while the bullish momentum still exists, it seems that the cleaning push above the $95K-$96,000 resistance zone may take extra time. This range is a key obstacle, and many analysts expect some integration before any decisive breakthrough occurs.

Currently, the Bulls must focus on defending critical support levels to keep the restoration structure intact. Holding over $88,700 (roughly in line with the 200-day moving average) is $88,700 – would be a major sign of strength. This level has become an important hub that helps confirm whether the rally can withstand further upward pressure.

If Bitcoin cannot hold over $88,700, it could trigger a deeper correction, with the next important support area of ​​about $84,000. Moving down to the region will still fit in with the broader bullish structure, but will delay attempts to set new all-time highs.

Overall, the $88,700 level remains a key battlefield. The Bull must continue to defend it as it prepares for a potential retest in the upcoming meeting. Patience and stability are crucial because volatility in financial markets is still increasing.

Featured images from DALL-E, charts from TradingView

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