As of now, the amount of BTC on exchanges is approximately 2.74 million #BTC, and the stablecoin reserve is around $63.4 billion, while the BTC price is approximately $62,900.

This generally points to an upside potential in the medium to long term.
BTC reserves are still below historical highs. In the 2022–2024 period, a significant amount of BTC was withdrawn from exchanges. Investors prefer to hold rather than sell.
The shift to cold wallets and institutional custody solutions continues. The sellable supply is decreasing. A decrease in supply alone does not raise the price, but it accelerates the rise when demand comes in. Therefore, the current 2.74 million BTC level can still be considered low compared to past bull markets.
Stablecoin reserves, however, are very strong. Starting from the end of 2024, there was a surge in stablecoin reserves.
This shows that there is a large amount of cash waiting on the sidelines in the market, institutional investors are holding positions, and new buying power is ready. Since the stablecoin reserves are rising while the price is falling, I think investors are looking for opportunities. That’s why the stablecoin side currently looks quite supportive.
BTC reserves have increased slightly in recent months. Some investors have started sending their BTC to exchanges.
There may be preparations for profit-taking. Selling pressure could increase in the short term. These sells could be buying opportunities.
@ForeDex_Global :
⚠️ #not an advertisement or investment advice. The analysis is my personal opinion. It does not provide certainty.