The CryptoQuant report states that since the second half of 2022, the number of bitcoins on US exchanges has been declining. At the same time, the volume of cryptocurrency on global trading floors, on the contrary, has been increasing for several months.
Analysts have come to the conclusion that we are seeing a redistribution of capital in the cryptosphere in favor of offshore centralized platforms.
The drawdown of BTC in the spot market is associated with the departure of capital from trading floors based in the United States.
Investors are leaving American exchanges at a rapid pace due to increased control over the blockchain industry in the country. Moreover, CryproQuant does not exclude that if Washington tightens the regulatory framework for digital currencies, then the outflow of capital will take on a large-scale character.
BTC returned to values above $28,000 during the day. Cryptocurrency capitalization in weekly terms increased by almost 2.5% to $542.054 billion.
Since January 2023, Bitcoin has gained over 70% in value. Four months in a row, he finished in the black.
A similar situation was observed in the spring of 2021, according to Bloomberg.
Analysts do not exclude that BTC will strengthen until mid-summer, after which a seasonal weakening of the activity of traders is expected and, as a result, a rollback of bitcoin. He will start a new ascent in late summer or early autumn.
