Over $266 Million in Bitcoin Exits Leading Crypto Exchange
Analysis
Price Impact
MedSignificant amounts of bitcoin leaving exchanges can indicate accumulation and reduced selling pressure. however, the immediate price reaction has been negative, suggesting other market factors are at play or that the market is digesting the news.
Trustworthiness
MedThe data comes from whale alert, a reputable source for on-chain transactions. however, the exact intention behind the transfers (accumulation vs. other reasons) is speculative.
Price Direction
NeutralWhile large withdrawals from exchanges are generally seen as bullish for accumulation, bitcoin's price has shown weakness in the short term, declining in the last 24 hours. this suggests a mixed signal where accumulation sentiment is present but not yet driving price action upwards.
Time Effect
ShortThe event of large btc withdrawals is recent. the immediate price reaction has been observed, but the long-term impact of this accumulation on price will take more time to materialize.
Original Article:
Article Content:
Cover image via U.Today 4000 BTC exits BitGet in Minutes Bitcoin accumulation grows Advertisement After the recent price rally seen across the broad crypto market, momentum appears to be growing strong as the market has seen multiple Bitcoin withdrawals in the past hours. On Friday February 28, blockchain monitoring platform Whale Alert, shared data revealing that large stacks of Bitcoin have been withdrawn from leading crypto exchange Bitget in two massive transactions carrying 2,000 BTC each. 4000 BTC exits BitGet in Minutes The transfers, which made a total of 4000 BTC were worth about $134.85 million and $136.04 million respectively at the time they were each sent to an unknown wallet. HOT Stories Critical XRP Ledger Bug in Batch Amendment Could Have Drained User Wallets Crypto Market Review: XRP Volatility Squeeze is a $2 Recipe, Will Dogecoin (DOGE) Zero Removal Happen in February? Shiba Inu (SHIB) Bullruns Aren't Possible Yet While both transfers are worth about $270 million in total, they have fueled speculation across the crypto community about potential large-scale offline accumulation. Advertisement Meanwhile, speculators leaned more on the narrative that high-profile Bitcoin holders and institutions are increasingly showing conviction in the leading cryptocurrency, fueling hopes of a major recovery from recent lows. You Might Also Like Fri, 02/27/2026 - 10:45 'Not Your Market Price': Nick Szabo Questions Who Controls Bitcoin ETF Pricing After Jane Street Allegations By Gamza Khanzadaev Although the large Bitcoin transfer is perceived to be a bullish move, Bitcoin’s price move afterwards has begun to show weak signals as it has suddenly flipped negative. Advertisement Over the last 24 hours, data from CoinMarketCap shows that Bitcoin has declined 2.47%, trading at $66,055 as of writing time. Source: CoinMarketCap Bitcoin accumulation grows It is important to note that when Bitcoin is moved off trading platforms, it is often a bullish signal as it suggests that the holder may be moving the assets into private wallets rather than preparing to sell. Notably, this reduces the amount of BTC readily available on exchanges, potentially tightening supply if buying pressure increases. Although the purpose of the transactions were not declared, commentators are convinced that the move is a buy attempt following the belief that large investors often accumulate quietly during downturns rather than broadcasting their intentions publicly. #Bitcoin #Bitcoin Price Prediction #Bitget