Pulling 100,000 Bitcoins from Exchanges in 3 weeks – Analysts highlight accumulation trends
Bitcoin (BTC) is now less than 5% from its all-time high (ATH) of $108,786 recorded in early January this year, with recent price momentum suggesting that digital assets may soon violate that level. According to chain data, it is expected that a large amount of BTC is being withdrawn from the exchange.
Bitcoin communicated while flirting with Ath
In an X post published today, experienced crypto analyst Ali Martinez noted that 100,000 BTC has been withdrawn from crypto exchanges in the past three weeks. Although BTC Exchange Reserves hovered around 3.1 million on March 22, they fell to 3.02 million as of May 13.
BTC exchange reserves can decline enlarge The “scarcity of supply” narrative of flagship cryptocurrencies may trigger sharp price increases in a short period of time. Other data also suggest that more investors are accumulation BTC’s current price level.
In a separate X post, Martinez highlights the accumulation trend score (ATS) supported by recent BTC price rally. Historically, the surge in ATS is often a major rally in the price of BTC. The rise in ATS also reflects increasing confidence in the broader macroeconomic conditions.
Several other catalysts may drive BTC prices to rise in the near term. For example, if BTC exceeds $105,244, you can trigger The brief squeeze was about $25.38 million.
Additionally, crypto analyst Jelle noted that Bitcoin has formed three lower time frames for setting up. The successful completion of this model could push BTC toward a new ATH, which could be around $112,000.
For beginners, the three powers are the price usually follow the market structure of the three-phase cycle – accumulation, expansion and distribution. It is often used to predict smart currency behavior and determine high probability trading settings.
In addition, well-known crypto analyst Ash Crypto noted that BTC weekly moving average convergence difference (MACD) has confirmed a bullish crossover. Analysts shared the following chart and pointed out that historically this signal is usually before it is strong Momentum up at BTC price.
Calm down before the storm?
Currently, Bitcoin appears to be merged in the range of $100,000. But TradingView Crypto analyst Rlindia predict Prices are likely to explode into upside, potentially reaching new ATH between $106,000 and $110,000.
That said, the lack of strong response from BTC to favorable news may be a problem. Recently, digital assets Failed Although the US CPI data in April 2025 were lower than expected, it showed obvious positive momentum. At press time, BTC traded at $103,344, up 0.2% over the past 24 hours.
Featured images from Unsplash.com, charts from X and TradingView.com
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