In the past 30 days, users have withdrawn over 32,060 BTC from cryptocurrency exchanges, according to analyst Crypto Patel.

BREAKING: Over 32,060 Bitcoin Have Been Withdrawn From Exchanges in the Past 30 Days.

When Bitcoin leaves exchanges, it means holders are moving to cold storage. They're not planning to sell anytime soon.

Only 2.44 Million $BTC are left on exchanges right now. That's the lowest… pic.twitter.com/Jclx4UCMEZ

— Crypto Patel (@CryptoPatel) March 15, 2026

The outflow of coins indicates that investors are transferring assets to cold storage, suggesting they do not plan to sell their bitcoins in the short term.

Currently, only 2.44 million BTC remain on trading platforms, marking the lowest level in several years, noted Crypto Patel.

This backdrop has fostered positive sentiment. According to Ki Young Ju, CEO of the analytics platform CryptoQuant, most experts anticipate further growth for Bitcoin.

Most Bitcoin analysts are strongly bullish. pic.twitter.com/vPw6axyEV3

— Ki Young Ju (@ki_young_ju) March 16, 2026

Bitcoin Whales

The Exchange Whale Ratio metric has reached a six-year high. On-chain analyst CW8900 described this as a sign of a market bottom and a signal for an impending upward trend.

The Exchange BTC Whale Ratio is at Its Highest Level in Six Years

“When the exchange whale ratio increases, it marks a short-term bottom, and when the ratio is at its peak, it is the point where an uptrend begins.” – By @CW8900 pic.twitter.com/zyt71q5DsW

— CryptoQuant.com (@cryptoquant_com) March 16, 2026

According to the expert, whales accumulate assets at local lows and sell at peaks, while retail investors tend to do the opposite. An increase in the Exchange Whale Ratio typically indicates a short-term bottom, and its peak often precedes a market reversal upward.

The current situation confirms this pattern:

  • The participation of retail traders has dropped to a six-year low; 
  • Large investors have shifted to aggressively accumulating the leading cryptocurrency.

The analyst concluded that the combination of these on-chain indicators suggests the end of the decline — Bitcoin has already found its bottom at current levels.

Liquidations and Funding

In the past 24 hours, the total liquidation volume in the crypto market reached $370.13 million. The largest forced position closures were recorded in Ethereum ($140.87 million), with the majority of losses coming from shorts ($122.87 million).

Source: CoinGlass.

At the time of writing, the funding rate for Bitcoin stands at 0.0036%, while for Ethereum it is 0.0048%.

Source: CoinGlass.

Bitcoin at $80,000

MN Trading founder Michaël van de Poppe noted that while gold is consolidating, Bitcoin is gaining momentum. He explained that the value of Bitcoin relative to the precious metal has significantly increased.

Markets are breaking upwards.

Gold continues to consolidate, while #Bitcoin takes the momentum —> the valuation of Bitcoin vs. Gold rallies substantially.

There's more upside to come; $ETH broke out of the range, which means it's a matter of time until Bitcoin continues the… pic.twitter.com/PdsWgRdoXL

— Michaël van de Poppe (@CryptoMichNL) March 16, 2026

The analyst is confident in the continued strengthening of the digital asset market. He observed that Ethereum has already broken out of its price range.

“The continuation of Bitcoin's rally to $80,000 is just a matter of time,” concluded van de Poppe.

As a reminder, on March 16, the price of the leading cryptocurrency broke resistance and touched $74,450.