Exchange BTC reserves have dropped by nearly 38,000 since September, falling to the level of mid-November 2018

avatar
ODAILY
09-18
This article is machine translated
Show original
Odaily Odaily News CryptoQuant data shows that as of September 16, BTC holdings on exchanges fell sharply in September, reaching the level of mid-November 2018. Since the beginning of this month, BTC exchange reserves have dropped from approximately 2.62 million to 2.58 million, a decrease of nearly 38,000 in two weeks. The annual trend shows a larger decline, with BTC exchange reserves decreasing by approximately 430,000 since the beginning of the year. The low indicator suggests that the market prefers long-term holding rather than short-term trading. This behavior will increase BTC price volatility, especially when supply is limited and demand is surging. (CryptoSlate)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments