According to Odaily Planet Daily, CryptoQuant analyst Axel Adler Jr said that the latest on-chain data showed that the number of Bitcoin deposit addresses on exchanges has dropped significantly, reaching a low of 25,000. This may indicate a shift in investors' strategies for holding Bitcoin.
Its analysis pointed out that the number of addresses where investors are ready to sell Bitcoin has decreased, indicating that most holders expect prices to rise and are more willing to keep their assets. This change in behavior may reflect the increased confidence of Bitcoin investors.
Additionally, a decrease in willingness to sell could lead to a decrease in the supply of Bitcoin on the market, which could lead to higher prices as demand stabilizes or increases, which is a bullish sign for the market.
