Blockchain data analysis platform CryptoQuant analyst Kripto Baykus stated that currently, the reserves of Bitcoin on exchanges have hit an all-time low, reflecting a significant shift in investor behavior. He pointed out that institutional investors have begun to adopt a long-term holding strategy, showing strong confidence in the future potential of Bitcoin. Baykus predicts that the limited supply of Bitcoin, combined with the reduction in reserves, is seen as a strong bullish signal for the market. Investors are factoring in the impact of supply shocks on prices, and if this trend continues, Bitcoin is likely to reach new highs by the end of 2024 and in 2025.