Bitcoin exchange reserves hit new lows, investors shift strategy to long-term holding

According to the latest on-chain data analysis, Bitcoin exchange reserves have dropped to their lowest level in years. Data from CryptoQuant shows that over 171,000 Bitcoins have been withdrawn from major crypto exchanges since Trump won the U.S. election. This trend indicates that investors are moving Bitcoin to cold wallets, possibly as part of their long-term strategy.

In October 2021, exchange reserves were around 3.2 million Bitcoins, while now they have decreased to 2.46 million. Meanwhile, data from Glassnode shows that the illiquid supply held by long-term investors has increased by 185,000 over the past 30 days, reaching a record 14.8 million. This indicates that investors have confidence in the long-term value of Bitcoin, accounting for 75% of the current circulating supply.