Users withdrew 47,700 BTC from crypto exchanges over the past week, a figure reminiscent of the highs seen in 2025, reported CryptoQuant analyst Axel Adler Jr.

Source: CryptoQuant.

The peak occurred on March 4, when trading platforms lost 31,900 BTC valued at $2.26 billion in just one day. Of this, 25,000 BTC were withdrawn from Bitfinex, marking the largest outflow for the platform since June 2025.

Source: CoinGlass

According to Adler Jr., daily withdrawals exceeded deposits throughout the week.

The data suggests significant buying activity in the spot market. In early March, exchanges received approximately $1.1 billion in stablecoins. This influx was followed by a mass withdrawal of Bitcoin.

The analyst believes that investors transferred assets purchased on exchanges to cold wallets, with an average purchase price around $70,000.

A decrease in balances on trading platforms reduces selling pressure. If this trend of coin withdrawals continues for another three to five days, the market may enter a phase of sustainable accumulation, which would serve as a bullish signal for Bitcoin's price, the specialist concluded.

Recall that in February, investors withdrew 31.6 million ETH from centralized platforms, the highest monthly volume since November 2025.