Bitcoin set a new record for the first time in nearly three years, while withdrawals from Binance skyrocketed to 13,800 BTC within one day.
#The crypt#The bitcoin#Binance#Withdrawal of the coin#The stock market
The Bitcoin withdrawal peak (BTC) went from Binance to a new record high in almost three years, measured at 13,800 BTC in one day, which is the highest level recorded since 2022.
What is safe retreat?
In the crypto world, a coin withdrawal from safe means transferring bitcoins out of an account on Binance to be stored somewhere else such as a private wallet like cold wallet or hardware wallet when the coins are in a personal wallet the holder controls their own private key ( private key ) without relying on any exchange agency for access to the asset.
Why is the number 13,800 BTC important?
Daily withdrawals are a metric that analysts have always used to track investor behavior, and when the withdrawal reaches this kind of statistic, it reflects that many users chose to move Bitcoin out of Binance in close proximity, which last happened almost three years ago.
It's interesting to note that the year 2022, when this level of numbers first appeared, coincided with a period in which the crypto market was experiencing several major events, causing many investors to hold more coins for themselves rather than deposit them on the platform.
How does withdrawal affect the average user?
For the average user, a large number of withdrawals does not mean immediate action but is an important signal to watch out for as it indicates market sentiment at that time. Some Bitcoin holders may want to move their coins into long-term storage, others may be preparing for use or transferring them elsewhere.
For users in Thailand who trade through Binance or compare to the baht market, understanding global safe-haven coin outflow trends helps provide a broader picture of the market, even though coin prices in Thai markets have their own unique factors.
What's to follow?
The next thing to look out for is whether the withdrawal peak will be a sustained high or just a temporary move in one day, while tracking the coin's top at Binance still holds because both numbers help complete the picture of Bitcoin 's movements in the market more clearly.
Reference data from Siam Blockchain.
It's a warning.
This article is intended to disseminate news and analysis of market trends only. It is not an investment recommendation or a solicitation for the purchase or sale of digital assets in all cases. Digital assets have very high price volatility and can cause investors to lose their entire capital. Readers should carefully study the information, evaluate the acceptable risks and make a prudent decision by themselves or professional financial advisors before making any investments.
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