Bitcoin exchanges supply has dropped to its lowest in 8 years, sparking hopes of a price recovery towards a new BTC all-time high.
According to a Mar. 27 post on X by blockchain analytics firm Santiment, Bitcoin’s supply on exchanges has dropped to 7.53%, its lowest level since 2018. This implies that more investors are moving their Bitcoin into self-custody, which lowers the amount available for immediate selling.
According to a Mar. 27 post on X by blockchain analytics firm Santiment, Bitcoin’s supply on exchanges has dropped to 7.53%, its lowest level since 2018. This implies that more investors are moving their Bitcoin into self-custody, which lowers the amount available for immediate selling.