CryptoQuant data shows that as of September 16, BTC holdings on September exchanges fell sharply, reaching the level of mid-November 2018. Since the beginning of this month, BTC exchange reserves have fallen from about 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 about 430,000 since the beginning of the year. A lower indicator indicates that the market favors long-term holdings over short-term transactions. This behavior can increase BTC price volatility, especially when supply is constrained and demand surges.
So far in September, exchange BTC reserves have decreased by nearly 38,000, falling to the level of mid-November 2018
2024-09-18 02:54:23
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