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