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Bitcoin Exchange Supply at Six-Year Low, Market Confidence Growing!

Time:2024-02-09 Click:156


【Bitcoin exchange supply hits six-year low! 】Odaily Planet Daily recently reported that according to Santiment data, as the price of Bitcoin returned above $45,000, traders withdrew their tokens from exchanges for the third consecutive week. Currently, the supply of Bitcoin on exchanges has dropped to its lowest level since December 2017, reaching a new low in more than six years. This phenomenon shows that the market's confidence in Bitcoin is gradually increasing, and investors are more willing to hold Bitcoin for the long term rather than short-term transactions. While we remain neutral on the overall market, we remain confident in Bitcoin’s prospects!

标签:bitcoin AT SIX

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