Bitcoin reserves plummeted by nearly 38,000 in September! The intention to hold long-term is strong, and a new round of market may be set off?

Heavy signal! According to CryptoQuant data, as of September 16, the BTC reserves of exchanges in September fell sharply, close to the level of mid-November 2018. In just two weeks, the exchange reserves dropped from about 2.62 million to 2.58 million, a decrease of nearly 38,000 in just 14 days. Since the beginning of the year, the BTC reserves of exchanges have decreased by as much as 430,000.

This continuous downward trend sends a clear signal that the long-term holders in the market are increasing, and the enthusiasm for short-term trading is gradually cooling down. This also means that the liquid supply of Bitcoin is shrinking, and when demand surges, it may cause large price fluctuations.

For investors, this dynamic deserves close attention. If this trend continues, the supply and demand relationship of BTC may undergo a qualitative change in the next few months, leading to large price fluctuations. Investors are advised to wait patiently, make reasonable arrangements, and avoid entering the market too early to chase high prices.

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