Following a weekend dip, Bitcoin has reclaimed the $100,000 price mark, signaling renewed short-term strength amid geopolitical tensions.
As of the time of writing, BTC is trading at $105,323, up by 4% in the last 24 hours. The price recovery arrives in broader investor sentiment shifts, both in on-chain behavior and exchange activity.
A recent analysis from CryptoQuant’s analyst Darkfost sheds light on a multi-year transition among Bitcoin holders. The analyst observes that fewer Bitcoin addresses are depositing coins onto exchanges, a trend that has persisted since the end of the 2021 market cycle.
This declining activity may not necessarily suggest fading interest in BTC, but rather a transformation in how investors interact with the asset, potentially hinting at longer-term strategies becoming the norm.
Decline in Exchange Deposits Suggests Structural Market Shift
According to Darkfost, between 2015 and 2021, the number of Bitcoin addresses depositing funds to exchan
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