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Bitcoin (BTC) Exchange Supply Drops 7.53% to 7-Year Low, Signaling Institutional Demand

  • Bitcoin’s supply on exchanges dropped to 7.53%, the lowest since 2018, reflecting strong long-term holding sentiment.
  • Coinbase’s BTC volume dropped 10% to 12,500 BTC, reducing liquidity and increasing the risk of price volatility.
  • BTC is trading at about $87,491, with RSI levels at 68 and MACD reflecting sustained bullish momentum.
  • The decline in exchange supply indicates a shift in investor attitudes towards long holding, signaling a maturing market and bullish price action in Bitcoin.

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