Over 40,000 BTC leave the stock exchanges when Bitcoin reached $ 82,000

Over 40,000 BTC leave the stock exchanges when Bitcoin reached $ 82,000

  • Bitcoin rose to a new all -time high over $ 82
  • on November 11, 2024
  • over 40,000 Bitcoin worth almost 3.28 billion US dollars left the stock exchanges last week.

The price of Bitcoin (BTC) has increased to a new record high of over $ 82,000, since the dynamics that drove the cryptocurrencies upwards continue to determine the mood.

On Monday, BTC reached the highest stocks of $ 82,329 on the most important stock exchanges, which gave the flagship digital value by more than 20 % in the past week.

The growth also affects old coins, with remarkable achievements for Ethereum that broke the $ 3,100 brand, and Solana, which is aiming for a new annual high. Cardano, BNB and the meme coins Dogecoin and Shiba Inu are also traded higher.

over 40,000 BTC leave the stock exchanges

According to the crypto analyst Ali Martinez, Bitcoin's increase comes to the new ATH, since the amount of BC that leaves the stock exchanges increases sharply.

in the last week, ali noted Bullish BTC holder have deducted over 40,000 bitcoins from the stock exchanges. This means that Bitcoin worth almost $ 3.3 billion has been deducted from the stock exchanges. The foreign exchange aloons for Bitcoin have dropped sharply in the past seven days.

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The number of Bitcoin exits from stock exchanges has increased last week. Ali Martinez diagram on X

The bullish mood on the entire market could drive this trend forward. The US election victory by Donald Trump and Interest cuts are two important catalysts. In the meantime, the institutional demand has also contributed to the rise of the Spot ETF inflows that BTC exceeds the $ 82,000 mark.

What's next with the Bitcoin price?

BTC price forecasts indicate that an increase to $ 100,000 is possible before the end of the year. In view of these prospects, a large number of dealers who take a pessimistic attitude after the recent profits have lost significant amounts of money.

Pro Coinglass-daten In the last 24 hours, an incredible 270 million US dollar have been liquidated.

However,

long positions that expect an even stronger increase in Bitcoin have recorded liquidations of $ 361 million. In total, more than 208,800 dealers have been liquidated in the last 24 hours, the total liquidations amount to $ 632.57 million, including $ 124 million in Bitcoin shorts.


Source: Coinlist.me

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