#20,000 BTC outflowed from exchanges.#

Recently, a significant outflow of Bitcoin from exchanges has raised market attention. Data from on-chain analyst Ali shows that over 20,000 BTC have been withdrawn from exchanges in the past 96 hours, worth over $2 billion. This phenomenon suggests that investors may be gaining confidence in BTC, choosing to move it from exchanges to more secure cold wallets to avoid exchange security risks or prepare for long-term holding. It's noteworthy that there has also been a large outflow of Ethereum from exchanges recently. Over the past month, 540,000 ETH have been withdrawn from exchanges, worth $1.84 billion. This could be related to the continuous development of the Ethereum ecosystem and expansion of application scenarios, with investors holding optimistic views on ETH's long-term value. Overall, the large outflows of BTC and ETH from exchanges reflect investors' growing confidence in the cryptocurrency market and optimistic expectations for future market development.