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Bitcoin Exchange Deposits Hit Lowest Level Since 2016 Amid Shifting Market Dynamics

Tags: new tech
DATE POSTED:September 18, 2024

Bitcoin exchange depositing addresses have dropped to their lowest point since 2016, suggesting a significant decrease in the number of investors selling their coins on spot exchanges.

This trend hints at a potential reduction in selling pressure, a bullish sign for long-term holders as fewer coins are being offloaded into the market.

#Bitcoin Base Cost Analysis: Whales vs. New Investors

“New whales and Binance traders are actively buying, while old whales continue to hold. This mix could signal market stability and potential price growth.” – By @IT_Tech_PL

Link

Tags: new tech