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Title: BTC Supply Dries Up on Exchanges – What’s Next for Bitcoin?
The crypto market is experiencing a significant shift as the supply of Bitcoin (BTC) on exchanges has reached its lowest point in seven years. This trend, observed by Santiment and other blockchain analytics platforms, suggests that investors are opting to hold their assets rather than liquidate them immediately.
A decrease in exchange supply can be seen as a sign of growing trust in the cryptocurrency market, with more users deciding to store their Bitcoin outside the exchanges for long-term storage or institutional custody. This shift has sparked intense speculation about what could happen next.
The data from Santiment reveals that the ratio of supply on exchanges has dropped to 7.53%, which is an unprecedented low since February 2018. This decline is seen as a sign of reduced short-term sell pressure, with fewer investors choosing to liquidate their positions immediately.
Source: https://www.crypto-news-flash.com/btc-supply-dries-up-on-exchanges-whats-next-for-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=btc-supply-dries-up-on-exchanges-whats-next-for-bitcoin
