đ Bitcoin Exchange Reserves Drop to Record Lows!
Since the start of Spot Bitcoin ETF buying in Jan 2024, weâve witnessed a massive decline in BTC reserves on centralized exchanges.
đ» From over 3.3M BTC â now below 2.4M BTC
đŒ This signals heavy accumulation by institutions & whalesâless BTC available for trading = more scarcity.
đ Price surged from ~$40K to over $107K in the same period.
đ§ What it means?
Less BTC on exchanges = reduced sell pressure
More BTC in custody wallets = long-term holders accumulating
đ Keep your eyes on supply dynamicsâthis is how bull runs sustain!
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