While Bitcoin breaks new records every day, marking an ATH at $94,000, the liquid reserves on exchanges drop to the lowest levels of the last 6 years.
In the meantime, spot ETFs are grinding positive inflows and Nasdaq adds a new speculation tool on the currency through IBIT options.
Probably a new wave of optimism is on the way, but let’s see all the details together.
The Bitcoin held on exchanges drop drastically in 2024
The positive outlook for Bitcoin continues: as the crypto asset grows in market capitalization, its speculative presence on exchanges decreases.
All CEX hold a share of BTC in reserve as liquidity, which allows them to meet the trading and transfer requests of their users.
Usually, the more coins there are on these platforms, the greater the possibility that they can be sold on the market, weighing on their price.
On the contrary, a low presence on the exchanges is seen favorably for the price action, as it limits the potential selling pressure on the
We współpracy z: https://en.cryptonomist.ch/2024/11/20/bitcoin-reserves-on-exchanges-still-declining-is-a-new-rally-coming/
