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>
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 <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>
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<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

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