So, apparently Bitcoin is about to throw a party, and the invite list is looking pretty exclusive. Over on X (because apparently Twitter was taken), Swissblock—a firm with a name that sounds like a Swiss army knife gone rogue—claims the blockchain gods are smiling. Green lights, yellow brick roads, and other clichés point to another rally for Bitcoin.
Swissblock’s take? Investors are pulling Bitcoin off exchanges faster than you pull a pint at happy hour. This withdrawal spasm apparently mirrors the frantic moves we saw last Q4, right before Bitcoin decided to climb to a jaw-dropping $110,000. No big deal.
“Exchanges are starting to dry up:
BTC outflows surge like late 2024.
This signals less selling pressure and more long-term holding.
The bull run setup is shaping up, don’t miss the next wave!”
Here’s where it gets juicy: last week, Bitcoin owners (probably a mix of whales and bored day-traders who forgot to check their portfolios) yanked a staggering $16.16 billion worth of BTC from exchanges. Swissblock says these are the folks who are prepping for the long haul, like squirrels stashing acorns while the rest of us binge-watch Netflix and wait for the apocalypse.
“Major shift in sentiment [last] week for Bitcoin.
Large whales accumulating heavily.
Long-term holders (LTH) accumulating heavily.
Big exchange outflows of 172,000 BTC (XCHG).
This is the calm before the storm.” 🌪️
For those as obsessed as I am with cryptic definitions: long-term holders are the proud souls who have forgotten (or refused) to touch their Bitcoin for at least 155 days. That’s half a year of “look but don’t touch.” A level of commitment that, frankly, I can barely maintain with my houseplants.
Swissblock drops a forecast too: Bitcoin needs to break $95,000 to really get this party started, but don’t be surprised if it takes a little coffee break around $89,000 first—because what rally worth its salt doesn’t enjoy a dramatic pause? At the time of writing, Bitcoin cozies up at $93,964, teetering like a caffeinated cat on a windowsill.
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2025-04-28 17:43