2025-12-26 10:20:39

Since 2025, the reserve amount of Bitcoin on exchanges has been continuously decreasing. From a peak of nearly 2.98 million coins in April to around 2.54 million in mid-November, a decline of 15%. This means that in just a few months, over 430,000 BTC have been withdrawn by investors. Behind this large-scale withdrawal, there is a subtle shift in market participants' views on the security of holding coins and their long-term value. The downward trend in exchange BTC balances often indicates a change in market sentiment.

BTC-0,49%

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PhantomMiner

· 9h ago

430,000 tokens have been released, this time it's really going to change the game.

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Ser_This_Is_A_Casino

· 9h ago

430,000 runaways, this is the real vote with your feet, why keep it on the exchange

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DaoResearcher

· 9h ago

From the data performance, the withdrawal scale of 430,000 BTC is indeed noteworthy—what is the underlying token economic logic behind this? Is it due to increased self-custody willingness or panic selling? According to on-chain behavior analysis, a decline in exchange reserves usually indicates market sentiment divergence, but the premise for this assumption is whether participants' incentive mechanisms are truly aligned... I think we overlooked a problem. Oh my God, it's the same pattern again, just like the token withdrawal wave in November 2021. And the result? A direct halving after three months. 430,000 BTC. Quoting Vitalik's perspective, the self-custody revolution sounds wonderful, but there are many loopholes in execution—are large holders moving to cold wallets or cutting losses to hedge risks? From a governance perspective, exchange balances essentially reflect the market’s consensus adjustment on centralized risk—that's the key.

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MetadataExplorer

· 9h ago

430,000 tokens are gone, this wave is really running... Cold wallets are about to be full again.

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