Bitcoin outflows from major exchanges have reached $1.32 billion this week, marking a significant 70% increase from the previous week's $780 million. This trend, highlighted by data from Sentora, indicates a growing preference among investors to transfer Bitcoin to private wallets, suggesting a shift towards long-term holding strategies. The movement of Bitcoin to private storage reflects a change in market sentiment, with investors focusing on security and potential future price gains rather than short-term trading. This behavior points to a reduced emphasis on immediate liquidity, as holders appear to be betting on Bitcoin's long-term value appreciation.