The recent trend of decreasing Bitcoin balances on exchanges suggests that investors are shifting to a long-term holding strategy.
Definition: Exchange balance refers to the total amount of tokens stored on the exchange address.
Bitcoin exchange balances are trending downward, reaching levels not seen since March 2018, with total balances now below 2.3 million BTC.
As of the latest data, major exchanges Binance and Coinbase have seen significant large withdrawals of BTC, which may indicate that investors are turning to long-term holding strategies.
Large withdrawals from major exchanges like Binance and Coinbase are the main factor driving this change:
Binance, the exchange with the largest Bitcoin reserves, has experienced massive BTC withdrawals over the past year.
Coinbase recorded the third-largest outflow in 2024, with nearly 16,000 BTC being transferred out in a single day.
This withdrawal trend could mean that large holders (“whales”) are moving assets to private wallets in anticipation of future Bitcoin price increases.
These trends reflect broader market sentiment, and investors may be preparing for a bullish phase in Bitcoin's price increase by reducing supply on exchanges, which could push prices higher in the near future. #比特币 #交易所余额 #HODL
