Amount of Bitcoin Stored on Exchanges – Lowest Point Since May 2019
No matter if the price has dropped or what Google “Bitcoin” news results show from the mainstream press, Bitcoin hodlers are bullish and are not wavering
Amount of Bitcoin Stored on Exchanges at Lowest Point Since May 2019
“On-chain analytics provider Santiment has reported that the supply of Bitcoin sitting on exchanges has fallen to levels not seen since May 2019. This is usually considered bullish as investors take BTC off exchanges when they’re in a position to hold and are not interested in selling.
Santiment called it a “good sign of sell-off risk decreasing.” Bitcoin prices have been falling this week in the wake of a renewed crackdown in China and another round of FUD (fear, uncertainty, and doubt) that followed it.”