Look at this data, guys! Bitcoin exchange balances have hit a new fucking low!

According to the latest data from CryptoQuant, the amount of Bitcoin held on exchanges has fallen to its lowest level in years.

What does this mean? Let me break it down for you:

🔥 Clear on-chain migration trend - More and more smart money is starting to transfer BTC to cold wallets for self-custody; these old retail investors have finally learned the lesson of "Not your keys, not your coins".

🔥 Diamond hands continue to accumulate - Long-term holders (HODLers) are hoarding coins like crazy instead of selling. The intentions of these whales and institutional funds are becoming clear.

🔥 Supply-demand imbalance intensifies - The decrease in circulating chips on exchanges directly leads to reduced selling pressure, strengthening the fundamentals; this is a typical bullish signal.

In short, when the available spot in the market becomes increasingly scarce, any buying pressure can easily skyrocket prices. At this stage, holding onto coins and waiting for a rise is the best strategy. Those retail investors who are still frequently buying and selling on exchanges really need to wake up! #BTC走势分析