111,000 Bitcoin valued at $7.55 billion have been withdrawn from exchange wallets in the past month.

The trend suggests a growing preference for private or cold storage of Bitcoin, possibly driven by increasing institutional adoption.

The reduction of Bitcoin on exchanges could lead to a supply shortage and trigger a bullish market rally.

Bitcoin ETFs have rapidly accumulated over 4% of total BTC supply in under three months.

Bitcoin 'whales' with 1,000 BTC or more have significantly increased their holdings, coinciding with record-high Bitcoin prices.

Bitcoin's market price has recently risen by 2.23%, with a current trading value of $69,286.