The reserves of BTC and ETH on the exchange have fallen to a new low in nearly a decade, releasing a strong bullish signal!

According to data from Santiment, the current supply ratio of BTC on exchanges has fallen to 7.1%, the lowest level since November 2018, a decrease of approximately 1.7 million BTC over five years.
At the same time, the supply ratio of ETH on the exchange has fallen below 4.9% for the first time, setting a new low in over a decade, with a decrease of 15.3 million coins in five years.
These data indicate that the number of assets circulating in the market is significantly decreasing, investor confidence is increasing, and funds are flowing from the exchange to cold wallets for long-term holding. This trend suggests that the selling pressure in the market is weakening and may lay the foundation for future price increases.
However, this ongoing phenomenon of token outflow also conveys multiple market signals;
On one hand, the large amount of tokens transferred to cold wallets indicates that investors' confidence in long-term holding has strengthened, significantly reducing the selling pressure;

On the other hand, a decrease in exchange inventory means that market liquidity is tightening, and any increase in demand could trigger significant price fluctuations. This change in supply and demand dynamics is often regarded as an important bullish indicator.
At the same time, the US Bitcoin spot ETF recorded positive net fund inflows on 9 out of the last 10 trading days, with daily inflows often reaching several hundred million dollars. The Ethereum ETF also received funding favor, although its scale is not as large as that of Bitcoin. According to CoinShares' weekly report, global digital asset funds have maintained excellent performance with net inflows for 5 consecutive weeks.
As of the time of writing, BTC is priced at $107,615, while ETH is trading around $2,554. This price balance, in divergence with supply and demand indicators, may indicate that the market is building strength in preparation for the next round of行情.
Conclusion:
The reserves of BTC and ETH on exchanges have fallen to multi-year lows, combined with the ongoing net inflow of funds into the ETF market, forming a strong bullish signal for the current market.
At the same time, as investor confidence increases and long-term holding willingness rises, it indicates that the market is gradually shaking off the selling pressure and may welcome a new round of price increases.
But we must be wary of the price volatility risks that may arise from tightening liquidity. How the market will unfold in the future is worth our continuous attention.
#比特币 # Ethereum #Santiment数据 # exchange reserves