Bitcoin Exodus: Over 40,000 BTC Leaves Exchanges Since September 22

Over 40,000 BTC has left cryptocurrency exchanges since September 22, according to Coinglass data.

This significant movement of coins away from centralized trading venues has sparked interest among traders and investors.

The decline in exchange-held BTC can be attributed to holders transferring their coins to private wallets or institutional custody services.

However, it's essential to note that an exchange withdrawal does not automatically mean the holder intends to keep the BTC for an extended period. Transfers can also occur due to custody changes or internal wallet management.