Definition ∞ Bitcoin withdrawals refer to the process of moving Bitcoin from a centralized exchange or platform to a user’s personal cryptocurrency wallet. This action transfers ownership of Bitcoin from the exchange’s control to the individual’s control, typically to an address where the user holds the private keys. Withdrawals are fundamental to asserting self-custody over digital assets and often involve network transaction fees. They represent a movement of assets off trading platforms and onto the blockchain itself.
Context ∞ Significant increases in Bitcoin withdrawals from exchanges can indicate a shift towards long-term holding or self-custody, often interpreted as a bullish signal for price. Conversely, large inflows to exchanges might suggest an intent to sell. Monitoring withdrawal patterns provides insight into investor sentiment and supply dynamics.
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