Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Bitcoin has continued its upward trend, recording a weekly price increase of 10.4% and currently trading at $103,881. The asset has surged over 24% in the last month, fueled by growing optimism across both crypto and traditional markets.
Although still about 4% below its January all-time high, the latest developments suggest that bullish momentum may be building again. This renewed price strength appears to be supported by significant capital movements, including a notable Bitcoin outflow from the Binance exchange.
Bitcoin Exchange Outflows Suggest Accumulation Phase
According to recent data shared on CryptoQuant’s QuickTake platform by analyst Amr Taha, over 3,000 BTC, valued at approximately $312 million, was withdrawn from Binance on May 12, marking one of the largest daily outflows in recent months.
This coincided with a key macroeconomic development: a new trade agreement between the United States and China, which also sparked a sharp rebound in US equity markets, with the S&P 500 jumping more than 3%.
Taha’s analysis indicates that this substantial Bitcoin withdrawal is part of a broader trend. Binance’s BTC reserves have declined consistently, falling from approximately 595,000 BTC in late February to 541,400 BTC by mid-May.
The ongoing reduction in exchange balances typically signals a preference among investors for cold storage solutions or private wallets. Historically, such moves are viewed as indicative of accumulation behavior, suggesting lower near-term selling pressure and a more bullish medium-term outlook.
The timing of the withdrawal, immediately following a geopolitical breakthrough between two of the world’s largest economies, adds further context. Taha highlights that capital markets responded positively to the easing of US-China tariff tensions, and the corresponding activity in the crypto space suggests Bitcoin investors are aligning their strategies accordingly.
With macro uncertainty temporarily subdued, large holders appear to be repositioning for potential future gains, removing liquidity from exchanges to mitigate exposure and reduce immediate sell-side pressure.
Macro Trends Influence Market Positioning
The analyst further noted that market participants seem to be increasingly responsive to macro signals. The scale of the BTC withdrawal on May 12, paired with rising equity markets, illustrates how capital is shifting across asset classes in response to broader economic developments.
Taha suggests this coordinated movement reflects renewed risk appetite and a possible recalibration of investor strategies in light of improving global trade dynamics.
While it remains to be seen whether this momentum can be sustained, recent patterns support the view that long-term holders and institutional participants are gaining confidence in Bitcoin’s role within a diversified investment strategy.
As traditional markets recover and geopolitical risks ease, Bitcoin’s reduced exchange reserves and growing off-exchange holdings may lay the groundwork for another test of its all-time high. The coming weeks will likely be crucial in determining whether current inflows translate into a full-scale breakout or a period of consolidation.
Featured image created with DALL-E, Chart from TradingView
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
