The number of Bitcoins on exchanges has been falling continuously since February 2020
This could mean several things:
1. Growing popularity of long-term storage - investors prefer to store Bitcoin in personal wallets rather than on exchanges, which indicates confidence in the cryptocurrency as an asset.
2. Reducing selling pressure - if there are fewer BTCs on exchanges, then fewer coins are available for sale, which can reduce downward pressure on the price.
3. Growing institutional interest - large investors and companies often withdraw BTC from exchanges to store it in cold wallets.
4. Preparing for a shortage before the halving - if the number of Bitcoins on exchanges decreases and demand increases, this can lead to an increase in the price.
In general, a decrease in BTC stocks on exchanges is often seen as a bullish signal (a sign of a possible price increase).
1. Tech: After a planned pullback, they find support and start to bounce. It is important to establish above EMA50, gain momentum, and move further upward.
2. Crypto: The market pulled back after a local rise that began back in November. Liquidity has already been removed from below, creating conditions for a possible short squeeze.
3. Trump: He should take control of the situation as early as next week.
🌟 March 2025 is just around the corner, and it’s projected to mark the first major peak of the current cycle, calculated using Fibonacci levels based on halving events.
🔑 Looking back at history, April 2013, June 2017, and April 2021 stand out as defining moments. This method anchors the 0 and 1 points to halving dates, with one exception: for the 2012 halving, April provided a more accurate reference.
📈 The 0.236 and 0.382 levels align with remarkable precision to the early and final peaks of each cycle.
📅 According to this analysis, the final peak of the current cycle is expected in October 2025, aligning with the anticipated date of the next halving—March 27, 2028.