Odaily Planet Daily News 📈: The supply of Bitcoin on exchanges has plummeted, reaching a new low since November 2018! This indicates that investors are more inclined to hold for the long term rather than engage in frequent trading. According to CryptoQuant data, exchanges currently hold approximately 2.58 million Bitcoins, a significant decrease compared to the peak of the 2021 bull market. 📉
This trend may pose a challenge for buyers, as the amount of Bitcoin available for sale is diminishing. If demand remains unchanged or increases, the price of Bitcoin is expected to continue rising. 🌟 Against the backdrop of global economic policy uncertainty and rising inflation, investors' confidence in Bitcoin as a store of value seems to be strengthening. 🔒