Santiment数据
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Exchange BTC and ETH reserves have fallen to near a decade low, sending a strong bullish signal!
According to data from Santiment, the current supply ratio of BTC on exchanges has dropped to 7.1%, the lowest level since November 2018, down by approximately 1.7 million BTC over the past five years.
Meanwhile, the supply ratio of ETH on exchanges has fallen below 4.9% for the first time, also hitting a new low in over a decade, with a decrease of 15.3 million over the past five years.
These data indicate that the amount of assets circulating in the market is significantly decreasing, investor confidence is strengthening, and funds are flowing from exchanges to cold wallets for long-term holding. This trend suggests a weakening of market selling pressure and may lay the groundwork for future price increases.
However, this ongoing token outflow phenomenon also conveys multiple market signals;
On one hand, the large amount of tokens moving into cold wallets indicates enhanced confidence among investors for long-term holding, significantly reducing selling pressure;
On the other hand, the decrease in exchange inventories means that market liquidity is tightening, and any increase in demand could lead to drastic price fluctuations. This change in supply and demand dynamics is often viewed as an important bullish indicator.
Meanwhile, the U.S. Bitcoin spot ETF has recorded positive net inflows for 9 out of the last 10 trading days, with daily inflow amounts often reaching hundreds of millions of dollars. The Ethereum ETF has also attracted funds, although its scale is not as large as Bitcoin's. Additionally, CoinShares' weekly report shows that global digital asset funds have maintained a strong performance of net inflows for 5 consecutive weeks.
As of the time of writing, the BTC price is at $107,615, while ETH is trading around $2,554. This price balance, coupled with the divergence in supply and demand indicators, may suggest that the market is building momentum in preparation for the next round of market activity.
Conclusion:
The decline in Bitcoin and Ethereum exchange reserves to multi-year lows, along with the continued net inflows into the ETF market, collectively constitute a strong bullish signal for the current market.
At the same time, as investor confidence increases and the willingness to hold long-term rises, it signals that the market is gradually shedding selling pressure and may welcome a new round of price increases.
However, it is crucial to be cautious, as liquidity tightening could pose risks of price volatility in the market. How the market unfolds in the future is worth our ongoing attention.
#比特币 #以太坊 #Santiment数据 #交易所储备
According to data from Santiment, the current supply ratio of BTC on exchanges has dropped to 7.1%, the lowest level since November 2018, down by approximately 1.7 million BTC over the past five years.
Meanwhile, the supply ratio of ETH on exchanges has fallen below 4.9% for the first time, also hitting a new low in over a decade, with a decrease of 15.3 million over the past five years.
These data indicate that the amount of assets circulating in the market is significantly decreasing, investor confidence is strengthening, and funds are flowing from exchanges to cold wallets for long-term holding. This trend suggests a weakening of market selling pressure and may lay the groundwork for future price increases.
However, this ongoing token outflow phenomenon also conveys multiple market signals;
On one hand, the large amount of tokens moving into cold wallets indicates enhanced confidence among investors for long-term holding, significantly reducing selling pressure;
On the other hand, the decrease in exchange inventories means that market liquidity is tightening, and any increase in demand could lead to drastic price fluctuations. This change in supply and demand dynamics is often viewed as an important bullish indicator.
Meanwhile, the U.S. Bitcoin spot ETF has recorded positive net inflows for 9 out of the last 10 trading days, with daily inflow amounts often reaching hundreds of millions of dollars. The Ethereum ETF has also attracted funds, although its scale is not as large as Bitcoin's. Additionally, CoinShares' weekly report shows that global digital asset funds have maintained a strong performance of net inflows for 5 consecutive weeks.
As of the time of writing, the BTC price is at $107,615, while ETH is trading around $2,554. This price balance, coupled with the divergence in supply and demand indicators, may suggest that the market is building momentum in preparation for the next round of market activity.
Conclusion:
The decline in Bitcoin and Ethereum exchange reserves to multi-year lows, along with the continued net inflows into the ETF market, collectively constitute a strong bullish signal for the current market.
At the same time, as investor confidence increases and the willingness to hold long-term rises, it signals that the market is gradually shedding selling pressure and may welcome a new round of price increases.
However, it is crucial to be cautious, as liquidity tightening could pose risks of price volatility in the market. How the market unfolds in the future is worth our ongoing attention.
#比特币 #以太坊 #Santiment数据 #交易所储备
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