đBitcoin Exchange Reserves Drop to Multi-Year Low Amid Growing Institutional Demand: CryptoQuant
Bitcoin exchange reserves have hit their lowest levels on record, according to CryptoQuant data dating back to October 2021. According to the data, over 51,000 bitcoins were withdrawn from major cryptocurrency exchanges last month. This trend is reducing bitcoinâs liquid supply and suggests that investors are withdrawing their coins as part of a long-term holding strategy.
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