The supply of Bitcoin on exchanges has dropped to 7.53%, reaching its lowest level since 2018. This situation shows that investors' tendency to hold Bitcoin continues despite price surges.
The latest data shared by the on-chain data and analytics platform Santiment revealed that the supply of Bitcoin on exchanges has significantly decreased. This rate has declined to its lowest level since February 20, 2018, reaching 7.53%. This drop indicates that Bitcoin investors are shifting towards long-term holding strategies and continue to "hodl" Bitcoin despite price volatility and surges.
The decrease in supply on exchanges usually indicates that short-term selling pressure has diminished. Bitcoins that are not held on exchanges are mostly kept in cold wallets, which shows that the intention of investors to sell is weak and the desire to provide liquidity immediately is low.
This situation may act as a buffer against sudden price drops in the market. In the past, low balance levels on exchanges have generally been associated with bull markets.
(# Institutional investors' increasing interest in Bitcoin
The decrease in Bitcoin supply on exchanges also shows that institutional investors and interest in long-term storage solutions are increasing. The movement of Bitcoin to more secure in-house storage spaces or personal wallets is an indication that there are investors who see more value in it as a savings tool. This change allows the market to mature and become more stable.
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Historical Bull Signal in Bitcoin: 7-Year Bottom Reached, Selling Pressure Very Low! - Coin Bulletin
The supply of Bitcoin on exchanges has dropped to 7.53%, reaching its lowest level since 2018. This situation shows that investors' tendency to hold Bitcoin continues despite price surges.
The latest data shared by the on-chain data and analytics platform Santiment revealed that the supply of Bitcoin on exchanges has significantly decreased. This rate has declined to its lowest level since February 20, 2018, reaching 7.53%. This drop indicates that Bitcoin investors are shifting towards long-term holding strategies and continue to "hodl" Bitcoin despite price volatility and surges.
The decrease in supply on exchanges usually indicates that short-term selling pressure has diminished. Bitcoins that are not held on exchanges are mostly kept in cold wallets, which shows that the intention of investors to sell is weak and the desire to provide liquidity immediately is low.
This situation may act as a buffer against sudden price drops in the market. In the past, low balance levels on exchanges have generally been associated with bull markets.
(# Institutional investors' increasing interest in Bitcoin
The decrease in Bitcoin supply on exchanges also shows that institutional investors and interest in long-term storage solutions are increasing. The movement of Bitcoin to more secure in-house storage spaces or personal wallets is an indication that there are investors who see more value in it as a savings tool. This change allows the market to mature and become more stable.