The amount of Bitcoin (BTC) on exchanges has dropped to its lowest level since 2018 📉. This indicator suggests that fewer people are willing to sell, as investors prefer to keep their BTC in private wallets 🔐. This trend is seen as positive in the long term, because it limits the supply in the market, which could drive the price of BTC in the future 🚀. In addition, this drop coincides with a growing adoption of Bitcoin and accumulation by large players 🏦.
Source: Crypto Report.
