đ According to data from Cryptoquant.com, Bitcoin reserves on centralized exchanges have fallen to a level not seen since November 19, 2018.
This data could indicate that Bitcoin investors are moving their cryptocurrencies off exchanges and into cold storage or opting to hold them for the longer term. This usually means that investors are considering selling less or are more optimistic about Bitcoinâs future price.
As Bitcoin reserves decline, selling pressure can be expected to decrease, potentially having a positive impact on the price.
