#MarketCorrectionBuyOrHODL Bitcoin Exchange Reserves Hit Record Low, Could It Hit $120K?

Bitcoin has been hitting new highs in recent weeks on the back of positive momentum. A recent study suggests that this momentum is not random, as it comes amid massive behind-the-scenes action.

Bitcoin reserves recently plummeted to a record low of 2.4 million, suggesting a “supply shock” that has driven up Bitcoin’s price.