In the past 30 days, users have withdrawn over 32,060 BTC from cryptocurrency exchanges, according to an analyst known as Crypto Patel.
BREAKING: Over 32,060 Bitcoin Have Been Withdrawn From Exchanges in the Past 30 Days.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 moving assets to cold storage, suggesting they do not intend to sell Bitcoin in the short term.
Currently, only 2.44 million BTC remain on exchange balances, the lowest level in recent years, noted Crypto Patel.
Amidst this backdrop, positive sentiment prevails. According to Ki Young Ju, CEO of the analytical platform CryptoQuant, most experts anticipate further Bitcoin growth.
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 has reached a six-year high. On-chain analyst known as 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 do the opposite. An increase in the Exchange Whale Ratio typically indicates a short-term bottom, and its move to peak levels precedes a market upturn.
The current situation confirms this pattern:
- Retail trader participation has fallen to a six-year low.
- Large investors have shifted to aggressive accumulation of the leading cryptocurrency.
The analyst concluded that the combination of these on-chain indicators suggests the decline is over — Bitcoin has already found a bottom at current levels.
Liquidations and Funding
In the past 24 hours, the volume of liquidations in the crypto market amounted to $370.13 million. The largest forced position closures were recorded for Ethereum ($140.87 million), with the majority of losses occurring in shorts ($122.87 million).
At the time of writing, the funding rate for the leading cryptocurrency is 0.0036%, while for Ethereum it is 0.0048%.
Bitcoin at $80,000
The founder of MN Trading, Michaël van de Poppe, noted that gold is consolidating, while the leading cryptocurrency is gaining momentum. The value of Bitcoin relative to the precious metal has significantly increased, he explained.
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 further strengthening of the digital asset market. According to his observations, Ethereum has already broken out of its price range.
“The continuation of Bitcoin’s rally to $80,000 is just a matter of time,” van de Poppe concluded.
On March 16, the price of the leading cryptocurrency broke resistance and touched $74,450.