- Over 403,000 BTC left exchanges in the past year, a bullish sign for long-term holders
- Exchange supply dropped 2%, reducing sell-off risks
- BTC trades around $91,000 ahead of the Fed meeting
New data from Santiment shows that over 403,000 BTC were withdrawn from exchanges between Dec. 7, 2024, and Dec. 7, 2025. That’s a 2% drop in the amount of Bitcoin sitting on trading platforms — a major signal that investors are opting for self-custody instead of keeping coins where they can be quickly sold.
This trend is typically bullish. When fewer coins sit on exchanges, the risk of sudden supply shocks or mass sell-offs drops sharply. Historically, major outflow periods have been followed by stronger long-term price stability and upside momentum.
Fed Uncertainty Keeps Markets on Edge
Despite the bullish accumulation trend, Bitcoin is preparing for volatility ahead of the upcoming Federal Reserve decision. BTC is trading near $91,000, and the market is bracing for how the Fed’s messaging — not just the expected rate cut — may impact liquidity conditions.
Even with price pressure, long-term accumulation suggests investors are positioning for strength into 2026.
Analysts Trim Year-End Targets
2025 has shifted expectations across the board, forcing analysts to revise their targets:
- Standard Chartered: Now sees BTC ending 2025 near $100,000, down from $200,000
- Galaxy Digital: Lowered its year-end outlook to $120,000, down from $185,000
Even with these reductions, both forecasts still expect meaningful upside from current levels.
