Bitcoin supply on exchanges has fallen to its lowest level since 2018 This is an indicator that Bitcoin will rise above $150,000 🚀🚀🚀

According to Odaily, the supply of Bitcoin on cryptocurrency exchanges has fallen significantly, reaching its lowest level since November 2018. This trend indicates a growing preference among investors to hold Bitcoin for the long term rather than engage in active trading. CryptoQuant data reveals that the number of Bitcoins held on exchanges has fallen to nearly 2.58 million, which is a significant drop from the peak levels seen during the bull market prior to 2021.

Analysts point out that the reduced supply of Bitcoin on exchanges is creating pressure on buyers, as the number of Bitcoins available for sale dwindles. Therefore, if demand remains steady or increases, the upward trend in Bitcoin’s value is likely to continue. This development also reflects growing confidence among investors in Bitcoin as a store of value, driven by unpredictable global economic policies and rising inflation.

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