UPDATE
Bitcoin supply on exchanges continues to decline, showing strong holder confidence despite price volatility.
Over the last 6 months, traders have withdrawn 208,980 BTC from exchanges $BTC a 1.08% decrease in total exchange supply. This signals that most investors prefer to hodl their coins rather than sell, even after Bitcoin’s 14% drop from its all-time high.
Historically, a drop in exchange balances reflects long-term accumulation and lower sell-side pressure. With more Bitcoin moving into cold storage, this trend suggests a solid belief among holders that the next major move will favor the upside once volatility settles.
Bitcoin supply on exchanges continues to decline, showing strong holder confidence despite price volatility.
Over the last 6 months, traders have withdrawn 208,980 BTC from exchanges $BTC a 1.08% decrease in total exchange supply. This signals that most investors prefer to hodl their coins rather than sell, even after Bitcoin’s 14% drop from its all-time high.
Historically, a drop in exchange balances reflects long-term accumulation and lower sell-side pressure. With more Bitcoin moving into cold storage, this trend suggests a solid belief among holders that the next major move will favor the upside once volatility settles.
BTC-0.67%
1