# The number of Bitcoin deposit addresses has dropped significantly, and investor confidence has increased?

CryptoQuant analyst AxelAdlerJr's latest on-chain data shows that the number of Bitcoin deposit addresses on exchanges has dropped to a low of 25,000. This may mean that investor strategies have shifted, with more people choosing to hold rather than sell Bitcoin.

From a behavioral economics perspective, this may reflect increased investor confidence or be affected by increased institutional investment in cryptocurrencies. As the supply of Bitcoin in the market decreases and demand stabilizes or increases, prices may rise.

What do you think? Welcome to discuss in the comments section! 📈