Bitcoin exchange reserves drop to multi-year lows, are investors confident? 📉CryptoQuant data shows that since 2021, exchange reserves have decreased from 3.2 million to 2.46 million, reflecting a long-term holding strategy by investors moving Bitcoin to cold wallets. Glassnode also pointed out that the amount of Bitcoin held long-term has reached a new high, accounting for 75% of the circulating supply. Does this mean that market confidence in Bitcoin is increasing? Feel free to share your thoughts in the comments!