CryptoQuant: Bitcoin exchange balances drop to near 3-year low
ChainCatcher news, according to Cointelegraph, CryptoQuant data shows that as of June 19, the Bitcoin exchange reserves (the total amount of Bitcoin available on exchanges) have fallen to a three-year low of 2,825,703 BTC. In January 2024, the Bitcoin exchange balance hovered around 3,039,000 BTC.
Low exchange reserves indicate low selling pressure and potential supply shocks.
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