Bitcoin trading platform balance hits nearly 3-year low
CryptoQuant data shows that as of June 19, the Bitcoin trading platform reserves (the total amount of Bitcoin available on exchanges) have dropped to a three-year low, reaching 2,825,703 BTC. In January 2024, the balance of the Bitcoin trading platform hovered around 3,039,000 BTC. Low exchange reserves indicate low selling pressure and potential supply shocks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CryptoQuant: Whales have deposited approximately $7.5 billion worth of BTC to a certain exchange in the past month
Today, BTC options with a notional value of $13 billion expire, with the max pain point at $98,000.
Trending news
MoreCrypto prices
More
