New Dynamics in the Crypto Market! 📉

Recently, a report from 10x Research indicates that the Bitcoin balance on cryptocurrency exchanges has dropped to a historic low. On-chain data shows that the number of Bitcoins available for purchase has sharply declined, contrasting with the brief replenishment seen at the end of summer. This time, there has been no inventory increase, intensifying the supply crunch.

Analysts point out that the Bitcoin market is driven by favorable catalysts and may continue to grow over the next year. Long-term holders are firmly holding their assets, limiting Bitcoin inflows to exchanges and reducing liquidity.

Currently, only three major exchanges, Bitfinex, Binance, and Coinbase, can meet buyer demand. Smaller exchanges are facing liquidity challenges, which may lead to increased price volatility. 🔍