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Bitcoinist

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Bitcoin Supply On Exchanges Remain Low Amid Latest Milestone, An Encouraging Sign?

  • Bitcoin supply on exchanges remains low amid Bitcoin's surge to a new all-time high, signaling positive investor behavior.
  • Investors prefer holding Bitcoin in cold storage instead of exchanging for fiat currency, indicating strong holder belief and limited selling pressure.
  • Data from Santiment shows a significant decrease in BTC on exchanges over the past few months, with a 21% drop, pointing towards a bullish trend.
  • Glassnode reports strong buying interest in Bitcoin futures despite spot markets showing a downtrend, with low funding suggesting a potentially fragile market setup.

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