Following the U.S. election victory of Donald Trump, market participants have been moving a significant amount of Bitcoin from exchanges. Data shows that since the election, 181,000 BTC, worth nearly $18 billion, has been withdrawn from exchanges. This accounts for 36.2% of the Bitcoin that has been taken off exchanges this year. The decrease in supply, along with sustained or increased demand, could lead to a rise in Bitcoin's price. Public corporations, such as MicroStrategy, Marathon Digital, and Metaplanet, have been leading the rush, with MicroStrategy alone purchasing over 171,430 bitcoins since the election. These corporations view Bitcoin as a way to drive value and provide exposure to the digital asset.



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