Bitcoin Withdrawal Wave Points To Another Major Leg Up In The Bull Cycle, Analyst Says
September 4, 2025 · 4:00 PM
Bitcoin (BTC) has been in a decline since reaching an all-time high of $110,000 on August 14, with some analysts suggesting the bull run may be over. However, on-chain data indicates potential for another significant price increase. Notably, around 50,000 BTC was withdrawn from the Kraken exchange recently, which is atypical for market peaks, suggesting accumulation rather than distribution. While retail demand is currently weak, some large wallets continue to buy BTC.
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