CryptoQuant analyst Axel Adler Jr wrote that the latest on-chain data shows that the number of Bitcoin deposit addresses on exchanges has dropped significantly, reaching a low of 25,000. This is a key signal that may indicate a shift in investors' strategy for holding Bitcoin.
According to its analysis, the decrease in the number of addresses where investors are ready to sell Bitcoin indicates that most holders prefer to keep their assets due to the expectation that the price will rise further. From the perspective of behavioral economics, the current trend may reflect the increase in confidence among Bitcoin investors. This change in behavior may be driven by factors such as increased institutional investment in cryptocurrencies.
It also said that the decline in the willingness to sell assets may lead to a reduction in the supply of Bitcoin in the market, and as demand stabilizes or increases, it may lead to price increases, which is undoubtedly a bullish signal for the market. #feedfeverchallenge
