The number of addresses depositing Bitcoin to exchanges dropped to 132,100, the lowest since 2016. This indicates a decrease in the number of investors selling coins on spot exchanges.

This decrease could indicate a decrease in selling pressure in the market. Although the crypto market in general is sluggish, this data is encouraging for Bitcoin.

Analysts believe that the decrease in selling pressure could be a positive signal for the BTC price going forward. Stay alert and keep an eye on market developments.