Ethereum

Bitcoin

<div class="finbold">
 <p class="paragraph">Amid an exceptionally bullish period for the majority of assets in the cryptocurrency sector, Bitcoin (BTC) is performing particularly well, as it has already surpassed a price mark at $52,000, and its amount on crypto ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>s suggest more gains in the future.</p>
 <p class="paragraph">As it happens, the amount of Bitcoin held in crypto wallets on known digital asset exchanges has dropped to its lowest level in six years, according to the recent information shared by renowned crypto trading analyst Ali Martinez in an X post published on February 14.</p>
 <p class="paragraph">Specifically, as per the chart patterns analyzed by the crypto expert, this amount stood at just 2.34 million BTC on February 13, dropping significantly over the last week and suggesting a “growing trend of investors moving their BTC off ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>s, potentially indicating a shift toward long-term holding.”</p>
 <figure class="wp-block-image"><img decoding="async" width="900" height="441" src="https://cdn.thebittimes.com/images/2024/02/15/46be1e38d1bd3e0b5fd7c7ac0ee0097a.webp" alt class="wp-image-155166" srcset="https://cdn.thebittimes.com/images/2024/02/15/46be1e38d1bd3e0b5fd7c7ac0ee0097a.webp 900w, https://cdn.thebittimes.com/images/2024/02/15/46be1e38d1bd3e0b5fd7c7ac0ee0097a.webp 300w, https://cdn.thebittimes.com/images/2024/02/15/46be1e38d1bd3e0b5fd7c7ac0ee0097a.webp 768w" sizes="(max-width: 900px) 100vw, 900px">
  <figcaption class="wp-element-caption"><em>Bitcoin on known exchanges. Source: </em><em>Ali Martinez</em>
  </figcaption>
 </figure>
 <p class="paragraph">On the other hand, Martinez also earlier warned that a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) indicator that has often reliably suggested a trend <a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a> – the TD Sequential – has flashed a strong sell signal on Bitcoin’s daily chart, suggesting a possible decline for the price of Bitcoin awaits, as Finbold reported.&nbsp;</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Massive Ethereum whale stacks nearly $200M in February <span class="self-center text-xs text-slate-500">9 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin daily chart signals massive BTC sell-off alert <span class="self-center text-xs text-slate-500">60 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    R. Kiyosaki predicts ‘gold is going to crash below $1,200’ <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    XRP attracts over $1 billion in bullish daily sprint <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-bitcoin-price-<a rel=" dofollow title="Category Analysis" href="https://thebittimes.com/analysis.html" rel="noopener noreferrer nofollow">Analysis"&gt;Bitcoin price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a></h2>
 <p class="paragraph">Meanwhile, the price of the largest asset in the crypto sector by market capitalization at press time stood at $52,282, indicating an increase of 1.3% in the last 24 hours, in addition to gaining 16.69% across the previous seven days, and advancing 22.03% on its monthly chart, as per data on February 15.</p>
 <figure class="wp-block-image"><img decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/02/15/fe0464a38f677da827158e00a1b89d6e.webp" alt class="wp-image-155167" srcset="https://cdn.thebittimes.com/images/2024/02/15/fe0464a38f677da827158e00a1b89d6e.webp 1200w, https://cdn.thebittimes.com/images/2024/02/15/fe0464a38f677da827158e00a1b89d6e.webp 300w, https://cdn.thebittimes.com/images/2024/02/15/fe0464a38f677da827158e00a1b89d6e.webp 1024w, https://cdn.thebittimes.com/images/2024/02/15/fe0464a38f677da827158e00a1b89d6e.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>Bitcoin 7-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, Bitcoin seems to be on an unstoppable rally upwards. However, one should do their own due diligence and examine all other factors, as well as weigh the risks, before making a final decision on investing a larger amount of money in it, as things in this sector could <a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a> unexpectedly.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bullish-bitcoin-on-exchanges-drops-to-lowest-in-6-years-tbt79916.html">https://thebittimes.com/bullish-bitcoin-on-exchanges-drops-to-lowest-in-6-years-tbt79916.html</a></p>

Bullish? Bitcoin on exchanges drops to lowest in 6 years

Table of Contents

TheBitTimes

Other articles published on Feb 15, 2024

Wall Street Institutions Push for Alterations in Crypto Regulatory Guidelines

Ethereum Finally Strengthening, Analyst Reveals When ETH Will Start to Surge Amid Favorable Price...

Algotech (ALGT) Presale Smashes Goals, TRON (TRX) Dips Despite Low Volatility, Polkadot (DOT) Sco...

Bitcoin is now at or near all-time highs in these 5 fiat currencies

Solana Price Prediction: SOL Challenges BNB For 4th Biggest Crypto After 14% Surge In A Week As T...

Bitcoin, Next Stop $55,400? Analysts Share Bullish Predictions

Join our free newsletter for daily crypto updates!