BTC Balance on Exchanges: lowest since 2018! An important signal for a new cycle of Bitcoin.
1/ According to Glassnode, the Bitcoin balance ($BTC ) on all exchanges has dropped to its lowest level since the end of 2018.
-The amount of BTC "ready to sell" in the market is rapidly dwindling.
2/ The end of 2018 was also the bottom of the previous down cycle.
-From this low point, Bitcoin began a bull run lasting 3 years.
-History does not repeat itself exactly, but can often be referenced.
3/ Why is the decrease in BTC balance on exchanges important?
-BTC withdrawn from exchanges ➔ reduced likelihood of being sold.
-Holders choosing to self-custody ➔ increased long-term confidence.
-When demand increases while supply dwindles ➔ upward price pressure.
4/ The years 2024-2025 will bring new variables:
-Smooth operation of spot Bitcoin ETFs.
-Large financial institutions racing to accumulate BTC.
-Twenty One, MicroStrategy,… continuously stocking up.
-The "liquid" supply is increasingly being withdrawn from the system.
5/ Conclusion:
-The BTC balance on exchanges is telling a quiet but extremely powerful story:
-Scarcity is being built right now.
-Just waiting for one more major catalyst, the market could enter a phase of vertical growth.
6/ Anyone still expecting BTC to "dump deep" should reconsider.
-Because supply shock is unpredictable - it only manifests through subsequent price action.
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