Large transactions drive Bitcoin withdrawal from exchanges

Monitoring the supply of Bitcoin held on exchanges is important because significant changes in the metric are very good at reflecting market sentiment. When the supply of Bitcoin on exchanges rises, it indicates that the market is ready to trade and take advantage of short-term opportunities. Conversely, when Bitcoin has moved off exchanges, it usually […] source: https://cryptoslate.com/large-transactions-drive-bitcoin-withdrawal-from-exchanges/