Bitcoin’s exchange reserves are reaching multi-year lows, signaling reduced selling pressure and potential for a supply squeeze—traditionally a bullish setup when demand increases.
centralized exchange reserves have declined by about BTC, indicating significant accumulation by long-term holders. Analysts view this as a strong long-term bullish indicator—though not yet signaling exhaustion.
A breakout from a falling wedge or descending channel on the 4-hour chart has been confirmed—bolstered by volume and a bullish crossover of the 9-EMA over the 20-EMA
Key resistance around 113 USDT must be watched closely
