Bitcoin News – Bitcoin Supply Tightens as Over 7,000 BTC Exit Binance Since June 6
Bitcoin News – Bitcoin (BTC) is showing renewed strength — and this time, the momentum appears to be fueled by long-term fundamentals rather than speculative hype. A combination of long-term holder (LTH) accumulation and notable exchange outflows, especially from Binance, suggests rising investor conviction.
Since June 6, over 7,000 BTC have been withdrawn from Binance alone, according to CryptoQuant data. This steep net outflow, marked by a string of red bars on netflow charts, signals a rising trend of self-custody, which typically correlates with a reduced intent to sell in the short term.
Long-Term Holders Take Control of the Market
On-chain data reveals that LTH position change has exceeded 600,000 BTC for the first time since September 2024 — a strong indicator of ongoing accumulation by investors with a long-term horizon. This shift suggests a stronger market foundation, as short-term holders (STHs), who are more likely to panic sell, are currently less active.
With more BTC in cold wallets and fewer coins sitting on exchanges, the available supply is tightening, reducing potential downside volatility and creating the conditions for a supply squeeze.
Is a Sustained Bitcoin Rally on the Horizon?
The convergence of key structural factors — including exchange outflows, LTH dominance, and consistent ETF and institutional inflows — paints a bullish picture. While short-term volatility remains a risk, the macro trend suggests that the path of least resistance is upward.
If accumulation continues at this pace and sell-side pressure remains low, Bitcoin may be setting the stage for its next major bull leg.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
