Bitcoin's active addresses have dropped to a five-year low.

Significant outflows from major exchanges like Binance and Coinbase are driving exchange balances to their lowest levels in five years.

The trend suggests a shift towards long-term holding strategies.

This shift could potentially lead to a surge in Bitcoin's price towards $70,000.

Technical analysis points to a cautiously optimistic outlook with key resistance and support levels identified.

Market sentiment is bullish, with potential price surges to $72,000 as Bitcoin assets move to private wallets.

The reduction in supply on exchanges is creating upward pressure on prices.

Investors are advised to monitor the pivotal $68,000 mark for potential bullish trends.