@julia-gallo
#bitcoin Supply on Exchanges Hits a 4-Year Low ā What It Means for BTC $BTC
šØ The amount of Bitcoin held on exchanges has dropped to its lowest level since 2020, signaling a shift in market dynamics.
Key Insights:
š BTC supply on exchanges is at a multi-year low, reducing immediate selling pressure.
š Accumulation trend continues, with more BTC$BTC moving to self-custody wallets and long-term holders increasing their reserves.
Why Is This Happening?
ā Long-term conviction ā Investors prefer to hold BTC off exchanges, signaling bullish sentiment.
ā ETF demand ā Institutional inflows into spot Bitcoin ETFs are absorbing significant supply.
ā Regulatory concerns ā Traders may be cautious about keeping assets on centralized platforms.