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Bitcoin withdrawals from exchanges have reached last year’s record levels., 2026/03/08 09:57:55
Over the past week, clients of centralized cryptocurrency exchanges have withdrawn approximately 47,700 bitcoins, which is comparable to the peak levels of the previous year, according to experts from CryptoQuant.
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The largest outflow was recorded on March 4, when users withdrew 31,900 BTC from cryptocurrency exchanges in a single day, amounting to roughly $2.26 billion. Notably, around 25,000 BTC were withdrawn from the Bitfinex exchange, marking the largest withdrawal since last June, as noted by CryptoQuant analyst Axel Adler.
Such significant one-day movements are typically associated with the transfer of coins to cold wallets, the expert suggested. In the past week, the outflow of bitcoins from centralized exchanges exceeded the inflow of funds:
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February 27: – 2,867 BTC;
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February 28: – 1,205 BTC;
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March 1: – 251 BTC;
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March 2: – 6,129 BTC;
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March 3: – 1,819 BTC;
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March 4: – 31,900 BTC;
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March 5: – 3,478 BTC.
Such transactions may reduce the amount of bitcoins available for trading on exchanges, potentially fostering positive market sentiment, Adler believes.
A definitive confirmation of a bullish signal will emerge if the negative trend persists over the next three to five days, without a significant return of bitcoins to exchanges. In that case, the situation could be interpreted as a stable accumulation phase, according to CryptoQuant specialists.
At the beginning of March, approximately $1.1 billion in stablecoins flowed into centralized exchanges. However, this figure has since decreased to around $37.5 million. CryptoQuant assesses this influx of assets as extreme, suggesting it is more about normalization following a sharp liquidity influx.
It is important to consider the context: the significant influx of stablecoins at the start of the month was converted into bitcoins. This explains the unusual outflow of coins on March 4. Essentially, it reflects two manifestations of the same accumulation process of the leading cryptocurrency, Adler clarified.
Previously, specialists from TheEnergyMag platform indicated that large mining companies have been actively selling their accumulated coins in recent months. Representatives of TheEnergyMag believe that this trend may intensify in the near future.
