The next Bitcoin rally may be dull, but very positive.

Bitcoin (BTC) is showing strong signs of bounce back, and this time the momentum does not come solely from temporary excitement or short term traders.

The stable accumulation wave from long-term holders, combined with a significant amount of BTC withdrawn from major exchanges like Binance, reflects an increasing long-term confidence.

Since June 6, more than 7,000 BTC have left the Binance exchange, reducing the circulating supply and indicating that experienced investors are preparing for a longer price increase.

Is this the foundation for the next sustainable price increase of Bitcoin?

Binance records over 7,000 BTC withdrawn from the exchange

The recent strength of Bitcoin has been reinforced by a noticeable change in trading behavior, particularly on Binance.

According to a report from CryptoQuant, more than 7,000 BTC have been withdrawn from this exchange since June 6.

Source: CryptoQuantThis is represented by a series of red net cash flow bars, this trend reflects investors increasing self-custody (custody), meaning they have no intention of selling in the short term.

When BTC leaves centralized exchanges, the circulating supply becomes scarcer, often signaling an upcoming supply squeeze. When the phenomenon of coin withdrawal occurs alongside a rising price trend, it also reinforces the upward momentum as liquidity on the downside is constrained.

Long-term investors hold the control

The change of position index for long-term holders (LTH) has surpassed 600,000 BTC – the first time since September 2024. This is a sign of a strong accumulation phase from long-term vision investors, contributing to creating a more solid market foundation.

Source: CryptoQuantConversely, the activity from the short term holder group (STH) remains quite stagnant. The "weak hands" — who are usually quick to sell off in panic — are hardly present, thereby continuing to reduce the risk of price volatility in a downward direction.

Bitcoin is preparing for the next price increase**?**

With the decreasing amount of BTC on exchanges and long-term holders holding more, selling pressure seems to be limited. The flow of funds from institutions and ETF funds remains stable, continuing to provide additional support for the market.

Although short term fluctuations cannot be ruled out, the current structural trends indicate that the least obstructed path is upward.

As accumulation continues and supply tightens, market conditions are converging to open up a potential extended bullish cycle.

Minh Anh