Bitcoin exchange reserves just hit a 7-year low.


We are back to December 2017 levels. 2.21M BTC left on exchanges, the least available sell-side supply since right before BTC broke $20K for the first time.
Meanwhile, whales quietly bought 270,000 BTC in the last 30 days. The single largest monthly accumulation since 2013.
Price is grinding between $79K and $82K. The 200-day MA sits at $82,228. BTC has tested it twice and pulled back both times.
Less supply on exchanges. More coins moving to cold storage. Shorts piling in at exactly the wrong moment.
When this resolves, it will not be slow.
BTC2.01%
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