No, Bitcoin withdrawals from exchanges are not inherently bullish for crypto


$ 109,587.4
€ 93,146.3
¥ 38,800.0
£ 80,226.4
BTC
0.64 %
$ 2,588.54
€ 2,199.59
¥ 916.18
£ 1,893.87
ETH
0.67 %
$ 320.50
€ 272.36
¥ 113.44
£ 234.56
XMR
-0.37 %
$ 88.96
€ 75.58
¥ 31.50
£ 65.09
LTC
1.85 %

Traders say the record-low number of BTC held on exchanges is a bull signal, but data suggests otherwise.