Bitcoin exchange depositing addresses have dropped to 132,100, the lowest level since 2016, according to recent data. This metric, which tracks the number of addresses sending inflow transactions to exchanges, suggests a significant decline in investor activity related to selling coins on spot exchanges. The reduction in depositing addresses may indicate a decrease in selling pressure, potentially signaling a bullish outlook for the market. This trend could be interpreted as a positive sign for long-term holders and new investors, reflecting growing confidence in Bitcoin's stability and future potential.