Sun 27 Apr 2025 ▪
3
min read ▪ by
Investors are withdrawing their bitcoins from major exchange platforms at an unprecedented pace. This phenomenon, observed in recent days on Binance and Coinbase, could signal a scarcity of supply and potentially impact the BTC price.
In Brief
- More than 35,000 BTC (valued at $3.3 billion) have left Binance and Coinbase in recent days.
- Binance recorded its third largest historic net outflow on April 25.
- These massive outflows suggest institutional accumulation and a possible upcoming supply shortage.
A Massive Exodus of Bitcoins from Major Platforms
Binance, the global leader in crypto exchanges, recorded a spectacular movement on April 25: investors withdrew 27,750 BTC, approximately valued at $2.63 billion, from the platform in a single day.
According to analyst João Wedson from CryptoQuant, this is the third largest net outflow ever recorded on Binance, a signal that does not go unnoticed by experts.
Meanwhile, Coinbase is not far behind with over 7,000 BTC (approximately $665 million) leaving its digital reserves. This platform, recognized as the preferred provider for American institutions, is seeing its reserves diminish at an alarming rate.
Analyst Amr Taha highlights:
Such significant outflows generally suggest accumulation by institutions or large investors, potentially signaling a bullish sentiment.
This phenomenon fits into a larger trend where total exchange platform reserves are reaching their lowest levels since 2023.
In April 2025, they fell to 2.535 million bitcoins, a 7% decrease since January, bringing the market closer to a historic floor.
Potentially Bullish Signals for the Market
The rapid decline in available reserves on platforms reflects a fundamental shift in investors’ strategy.
When bitcoins leave exchanges, they are generally transferred to non-custodial wallets, indicating a preference for long-term holding rather than an intention to sell immediately.
This dynamic creates a paradoxical situation: while 87% of the total bitcoin supply is currently in profit, as revealed by the “Supply in Profit” indicator, large holders are choosing accumulation over profit-taking.
This behavior contrasts sharply with that of small holders, who are more prone to selling during price increases.
The impact on the price could be significant, as Taha explains:
If the decline in reserves is correlated with an increase in spot demand or ETF inflows, a supply squeeze could emerge, potentially pushing the price higher.
This situation recalls the conditions that preceded previous major bitcoin rallies.
In sum, with bitcoin holding firmly above $94,000 and massive ETF inflows exceeding $3 billion in a week, the market seems poised for a new phase of expansion. The increasing scarcity of bitcoin on exchange platforms could well be the spark that ignites the next rally to unexplored heights.
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Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
