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.