đąăBitcoin exchange deposit addresses hit a record low, selling pressure eased? ă
Odaily Planet Daily News, CryptoQuant's latest research report shows that the number of Bitcoin exchange deposit addresses has dropped to about 132,100, the lowest level in many years. This indicator represents the number of addresses that send inflow transactions to the trading platform. Analysis shows that the number of investors selling Bitcoin has decreased and the selling pressure has eased.
However, Julio Moreno, head of research at CryptoQuant, reminded that when deposits on trading platforms decrease, this may not only indicate a decrease in people's interest in selling Bitcoin, but also a decrease in overall demand for Bitcoin, because fewer traders are depositing funds to bet on price increases.
đđ Although the market attitude is neutral, the future of Bitcoin is still worth looking forward to!
