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#Bitcoin’s Exchange balance drops to 5-year low as price hits $30k from 2017.
Only 11.71% of Bitcoin's supply is currently held on exchanges.
The crypto analytics platform – Santiment – indicated that the amount of bitcoin held on digital asset exchanges has recently plummeted below 6%. The last time the figures were that low was in December 2017.
Since June 22, Bitcoin has been trading above the critical psychological level of $30,000. This price rally is a result of increased demand for the digital asset, a demand that is further exacerbated by the low availability of $BTC on exchanges.
More and more #HODLers seem to prefer to store their crypto on cold wallets than deal with exchanges.
Always #DYOR &
Trade Wisely by using #StopLoss ,
It's NFA
