The data from Coinglass shows that Bitcoin holders are withdrawing their tokens from centralized exchanges (CEXs) as the price of Bitcoin increases. Last week, around 37,000 BTC were withdrawn from CEXs, with Coinbase Pro seeing the highest withdrawal volume. This withdrawal trend aligns with Bitcoin's recent price gains and suggests that holders are moving their Bitcoin to private wallets for long-term holding. This indicates an increasing demand for Bitcoin. Bitcoin has been maintaining a bullish outlook and has established support around the $100,000 region. Analysts have an optimistic view of BTC's potential target in the current bull cycle. However, conditions in the crypto market can change quickly. It's important to note that this article does not provide financial advice and readers are advised to exercise caution.



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