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Bitcoin Supply on Exchanges Reaches 6-Year Low, Price Rise Possibility Increases

  • The supply of Bitcoin on exchanges has reached its lowest level since 2018, indicating a trend of long-term holding by investors.
  • Moving BTC out of exchanges creates a supply squeeze, potentially supporting a price surge due to fewer coins available for quick sale.
  • Investor confidence is rising as more Bitcoin is stored in self-custody wallets, reducing the risk of sudden large sell-offs and hinting at a possible price increase.
  • The decreasing balance of Bitcoin on exchanges is seen as a bullish sign, suggesting a strong price move may be approaching as buyers may need to pay more to convince holders to sell.

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