✉news BusinessCrypto first seen 16 h ago, last 16 h ago, peak #35
Bitcoin Exchange Reserves Fall to Lowest Level Since 2023
Original: Bitcoin reserves on exchanges drop to 2.68M BTC, lowest since 2023, signaling less immediate supply.
Bitcoin held on cryptocurrency exchanges has dropped to about 2.68 million BTC, its lowest level since 2023. Analysts say the decline signals that fewer coins are immediately available for sale, as holders appear to be moving their bitcoin into self-custody or longer-term storage. Falling exchange reserves are often watched by traders as a potential sign of reduced selling pressure and tighter supply.
Why now: Traders view shrinking exchange reserves as a possible signal of reduced selling pressure and a tightening bitcoin supply.
Bitcoincryptocurrency exchangesPluang
Evidence
- Bitcoin reserves on exchanges drop to 2.68M BTC, lowest since 2023, signaling less immediate supply. · Pluang
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