Bitcoin $BTC is ready for growth: low sales and high demand

According to CryptoQuant, the number of unique wallets sending BTC to exchanges has reached its lowest point since 2017. Currently, there are 19,282 addresses, which is more than 60% less than last month.

Historically low inflows to exchanges have coincided with periods of active price growth. The decrease in sales reduces the supply of coins on trading platforms, which contributes to an increase in the value of BTC.

Additionally, the increase in the buy-sell ratio of BTC on the leading cryptocurrency exchange Binance reinforces this bullish scenario. In a new report, CryptoQuant analyst Amr Taha noted: "the latest data point shows a sharp rise to 1.142, which is the highest level in this range".

When the ratio is above one, it means that there are more buy orders than sell orders. This indicates that more market participants are actively buying BTC rather than selling it. If this trend continues, the price of BTC may continue to rise. $TURBO $AR