A record 47,700 BTC was withdrawn from exchanges in a week, indicating potential bullish trends for Bitcoin as investors move assets to cold wallets.
In an unprecedented move, crypto exchanges experienced a withdrawal of 47,700 BTC over the past week, a trend not seen since 2025, according to CryptoQuant analyst Axel Adler Jr.
The largest single-day outflow occurred on March 4, when exchanges collectively lost 31,900 BTC, valued at approximately $2.26 billion. Notably, Bitfinex accounted for 25,000 BTC of this total, marking its most significant outflow since June 2025.
Throughout the week, Adler reported that daily withdrawals consistently surpassed deposits, indicating heightened buying activity in the spot market. Early March saw exchanges receive around $1.1 billion in stablecoins, which preceded a substantial Bitcoin withdrawal.
Adler suggests that investors are moving their purchased assets from exchanges to cold wallets, with an average acquisition price near $70,000. This shift in assets is expected to alleviate selling pressure on trading platforms.
If the current trend of withdrawals continues over the next three to five days, it could lead the market into a phase of sustainable accumulation, potentially serving as a bullish indicator for Bitcoin's price, according to the analyst.
Additionally, it is worth noting that February saw a significant withdrawal of 31.6 million ETH from centralized exchanges, marking the highest monthly volume since November 2025.
