CEX Bitcoin reserves hit a record low, now reported at about 2.68 million

According to the data disclosed by Cointelegraph, the Bitcoin reserves held by cryptocurrency trading platforms are currently reported to be around 2.68 million, which is a new historical low. Note: The trading platform's Bitcoin reserves refer to the amount of Bitcoin stored in the wallets of major CEXs, and this indicator is usually used to measure liquidity and market supply and demand dynamics. Higher trading platform Bitcoin reserves usually mean better market liquidity, and traders can more easily buy and sell Bitcoin. Monitoring changes in the Bitcoin reserves of trading platforms can help analyze market sentiment. For example, a decrease in reserves may indicate that users are withdrawing Bitcoin, which could be due to a bullish sentiment; while an increase in reserves may indicate that users are depositing Bitcoin into the exchange for trading, which could mean a bearish sentiment.