Why is it bearish to transfer to BTC (What does transferring out of an exchange mean)?

Why is it bearish to transfer to BTC? Why is it bearish to transfer to BTC?

In a previous article, we mentioned: I always feel that the value of Bitcoin fluctuates too much. But today, when someone asked about this, their response was: If you want to buy coins now, you must sell them because you don’t know how high the price will rise. So, I suggest that everyone not engage in such operations, or buy other coins for investment.

In fact, many friends have heard of “BitGold.” They have their own consensus mechanism called BitGold, and these tokens are similar to other digital currency tokens like BitDiamond and Diamond Standard. However, the price trend of this cryptocurrency is not ideal, and its price is often very unstable. Therefore, many people believe they are buying Bitcoin at a low cost and consider it a high-return investment. (I am the author, Huang Xuejiao, for blockchain project reports/discussions, you can add my WeChat: hxjiapg, please indicate your position and purpose)

What does it mean when BTC is transferred out of an exchange?

According to the blockchain browser, Bitcoin Cash (BCH) stopped being transferred after reaching block height 630,000 at 4:20 AM Beijing time on September 16th. Since both addresses belong to an unknown wallet, the transaction data is not accurate. However, if the operation is conducted according to the previous rules, this transfer also means that the exchange has transferred a portion of the tokens to other users.

In specific terms, first, 1 Bitcoin is transferred to another exchange, and then 1 BTC can be directly received through the account of that platform. Secondly, another 100 Bitcoins are transferred to another platform, resulting in approximately 50,000 coins, which is equivalent to a price of over $100,000.