Users withdrew 47,700 BTC from cryptocurrency exchanges over the course of a week. This figure is comparable to the peaks of 2025, reported CryptoQuant analyst Axel Adler Jr.
The peak occurred on March 4th, when trading platforms lost 31,900 BTC valued at $2.26 billion in a single day. Of this, 25,000 BTC were withdrawn from Bitfinex, marking a record outflow for the platform since June 2025.
According to Adler Jr., each day of the week saw more coins withdrawn than deposited.
The data suggests a significant purchase on the spot market. In early March, exchanges received about $1.1 billion in stablecoins. This was immediately followed by a mass withdrawal of the leading cryptocurrency.
The analyst believes investors transferred the assets acquired on the exchange to cold wallets. The average purchase price was around $70,000.
Decreasing balances on trading platforms reduce selling pressure. If the trend of not returning coins continues for another 3-5 days, a phase of sustainable accumulation will be established in the market. This would serve as a bullish signal for the price of Bitcoin, the expert concluded.
In February, investors withdrew 31.6 million ETH from centralized platforms, marking the highest monthly volume since November 2025.