Bitcoin (BTC) Withdrawal Price at $100,356: What It Means for Future Price Movements
According to COINOTAG News on February 5th, Coindesk analyst James Van Straten has indicated that the projected average Bitcoin (BTC) withdrawal price from exchanges in 2025 is set at $100,356. Presently, Bitcoin trades just underneath this threshold, at approximately $98,000. When Bitcoin remains below the withdrawal price for an extended duration, it often leads to apprehension among investors, resulting in increased selling pressure and potential further declines in price. Historically, this transaction price has served as a robust support level for Bitcoin.
Van Straten emphasized that sinking beneath this support does not automatically herald a bear market or continuing downtrend, as Bitcoin has a notable tendency to rebound to this benchmark swiftly. At the moment, over 2.6 million BTC are grappling with unrealized losses. The persistence of Bitcoin’s price below the 2025 average withdrawal price could amplify the chances of additional downward movement.