📉 Bitcoin Is Becoming Scarcer on Exchanges! Are Bullish Signals Getting Stronger?
The supply of Bitcoin on exchanges is now at its lowest level since 2018, according to data from CoinGlass. What does this mean? Selling pressure is decreasing, and this could be a strong sign of an upward trend (bullish)—especially if demand remains high, as evidenced by ETF inflows and consistently strengthening spot volume. 💹
However, don’t get too euphoric just yet! BTC still faces important resistance at $110,500 and $114,000. If it fails to break through, it could just be a dead cat bounce, or a false rebound. To truly enter a bullish phase, we need support from stable volume and institutional inflows.
Do you think BTC is ready to go higher, or is this just a trap?
💬 Drop your opinion in the comments!
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