The movements in the Bitcoin market (BTC) are drawing a panorama that does not go unnoticed with massive exits from the digital currency from the exchanges, which indicates a clear strategy of accumulation by investors. This behavior suggests a positioning for a bullish future, while the price of BTC reaches historical records. «The next higher section is being built,» says the Bitcoin Vector company analysis team, highlighting that the conviction of investors grows. This trust is reflected in the net position of position in the exchanges, a key on-chain indicator. The following graph shows an abrupt fall of BTC in the exchanges (dark blue line), with net exits of between 150,000 and 200,000 BTC so far in October, A level of intensity comparable to that registered in December 2022when the price was $ 15,000.
There is a reduction in the offer available for sale, which is a bullish signal. Fountain:
Bitcoin Vector – X.
At that time, BTC’s massive output of the Exchange preceded a price recovery. Investors who withdraw large amounts of exchanges currency do so with a long -term vision, avoiding short or medium term sales. This movement indicates a firm commitment to a sustained increase in BTC’s price. In parallel, Bitcoin comes from exceeding $ 125,000, marking a new historical maximum. This milestone is driven by strong capital flows from the funds listed on the stock market (ETF) of Wall Street, which have channeled institutional investments towards the currency. The support of great financial actors reinforces the narrative of a rising market. While this happens, great financial entities reinforce the bitcoin upward trend. Standard Chartered projects a promising future. Geoffrey Kendrick, Chief of Research of Digital Assets of the Bank, estimates that BTC could reach $ 135,000 in the short term. Investors see in Bitcoin a shelter in the face of political and financial risks, which aim at their bullish potential, as cryptootics reported. For its part, JPMorgan raises the bet. The largest United States bank expects that Bitcoin could reach $ 165,000 this year if its volatility aligns more with that of gold. Currently, the volatility ratio between both assets has fallen below 2.0, with BTC consuming 1.85 times more capital of risk than precious metal. This convergence indicates a maturation of the market, positioning Bitcoin as a solid alternative in times of global uncertainty.