Exchange bitcoin balances have reached 2024 lows, signaling a bullish trend
Among the largest exchanges, Coinbase has 783,104 BTC, which is 38,311 BTC less over the past 30 days and 281,840 BTC less since January 1, 2024. Binance has 578,991 BTC, which is 29,369 BTC less in the last month.
On other exchanges, such as Bitmex and OKX, mixed trends have been observed: OKX has seen an increase of 33,834 BTC since the beginning of the year, indicating different trading behaviors on various platforms.
Historically, when exchange balances decline, it indicates a bullish market sentiment. This means reduced selling pressure. This trend corresponds to the increase in the price of bitcoin, which exceeds $95,000.#2024withBinance
