Bitcoin Staying Away From Exchanges, a Strong Long-Term Sign

📊 As Bitcoin's market value hovers around $90K, crypto's top market cap continues to see its supply moving away from exchanges. Over the past year, there has been:

📉 A net total of -403.2K $BTC moving off exchanges

📉 A net reduction of -2.09% of $BTC's entire supply moving off exchanges

👍 In general, this is a positive long-term sign. The less coins exist on exchanges, the less likely we've historically seen a major sell-off that causes downside pressure for an asset's price.

🔖 Bookmark this supply on exchange chart for yourself, and watch for trend reversals for price alpha!

এটি আর্থিক পরামর্শ নয়। DYOR।