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Bitcoin Supply Ratio On Exchanges Plummets Sharply To New Lows, A Bullish Sign For BTC?

  • Bitcoin's supply on crypto exchanges has significantly dropped, indicating reduced selling pressure.
  • The supply ratio of Bitcoin on exchanges is at its lowest level since February 20, 2018, showing that investors are at ease holding BTC for the long haul.
  • The decline in exchange balances is associated with bullish conditions, reducing the likelihood of profit-taking and potentially setting the stage for a price surge.
  • Bitcoin whales, who had been decreasing their supply, are now accumulating more BTC, indicating a change in their behavior.

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