Market dynamics: Data shows that $4.5 billion was withdrawn from exchanges over the past week, with significant participation from major investors aiming to reduce market supply. The largest withdrawal day was November 19, with a total value of $3.9 billion as BTC surpassed the $93,000 mark, according to CoinGecko.

Impact on BTC price: The outflow of Bitcoin from exchanges has spurred an upward trend in prices, nearly reaching the $100,000 mark. This momentum reflects the adjustments by large holders, intending to reduce selling pressure and create a growth environment for BTC.

Outflow distribution: According to market data platforms, 52% of the outflows occurred during Western trading hours, while 48% happened during Eastern trading hours. Binance recorded the highest withdrawals, followed by Coinbase, Revolut, Bitfinex, and Deribit.

Investor situation and capital flow: Large investors holding over 1% of the BTC supply account for a majority of outflows, while retail investors account for 88% of inflows. This indicates investor confidence in BTC across all levels.