The exchange reserves have continued to decline over the past week, once again refreshing the lowest level of reserves in the last four years, which still represents that more investors are optimistic about the future of $BTC and have no plans to sell Bitcoin in the short term.

Although this does not necessarily mean that the price of BTC will continue to rise, the ongoing decline in exchange reserves often reduces the probability of a significant drop in BTC prices. Currently, the total BTC reserves across all exchanges have fallen below 3 million coins.