The supply of BTC on exchanges has fallen to its lowest level since December 2021.#Santimentanalysts report this.
We are talking about only 942 thousand coins. At the same time, the number of#ETHand#USDTon exchanges is growing. Infographic points from Santiment:
- 16.04 billion Tether on exchanges: the historical maximum is 16.95 billion in July 2022.
- 17.98 million Ethereum on exchanges: historical maximum - 29.89 million in May 2020.
- 942.17 thousand Bitcoin on exchanges: last minimum December 22, 2021.
Overall, this is a bullish picture for the market. The only thing that is confusing is the influx of #ETH. But this is most likely due to the prospect of launching trading in spot Ethereum ETFs and the willingness of some holders to arrange a sale if the price of the asset rises to the current ATH or higher.
