Nearly 100,000 BTC withdrawn from major exchanges signals tightening bitcoin supply and rising long-term demand.

In under three months, nearly 100,000 bitcoins worth over $8 billion were withdrawn from major exchanges Binance, OKX, and Gemini, causing exchange reserves to hit their lowest levels since 2023. This significant reduction in available bitcoin supply coincides with increased accumulation by long-term investors, suggesting growing confidence in bitcoin's price trajectory. Analysts warn that this shrinking supply combined with rising demand could lead to heightened market volatility and potential price surges if buying pressure continues. The market now faces a liquidity squeeze that will test buyers' ability to sustain upward momentum.