Bitcoin trading platform balance reaches a nearly 3-year low
CryptoQuant data shows that as of June 19, the reserve of Bitcoin trading platforms (the total amount of Bitcoin available to exchanges) has dropped to a three-year low of 2,825,703 BTC. By January 2024, the balance of Bitcoin trading platforms will hover around 3,039,000 BTC. Low trading platform 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.
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