📢 Hello everyone! Today we are going to talk about the latest developments of Bitcoin and see what interesting things have happened in the blockchain world!

According to a recent research report released by CryptoQuant, the number of Bitcoin deposit addresses on CEX (centralized trading platform) has dropped to 132,100, a new low in many years. What does this mean? Simply put, this indicator represents the number of addresses that send Bitcoin to the trading platform for trading. Now that this number has dropped to a historical low, it means that fewer investors are selling Bitcoin on the spot trading platform, and the selling pressure has eased.

However, things are not that simple. Julio Moreno, head of research at CryptoQuant, reminds us that when deposits on trading platforms decrease, it does not only mean that people are less interested in selling Bitcoin. It may also mean that there is less demand for Bitcoin overall, because fewer traders are depositing funds to bet on price increases.

So, is this good news or bad news for the market? In fact, it depends on which angle you look at it from. If you are a long-term holder, you may think that it is a good sign to see the reduction in selling pressure. After all, no one is in a hurry to sell, which means that market confidence is still there. If you are a short-term trader, you may be a little worried when you see the decline in trading activity. After all, with less trading volume, market volatility will also decrease, and there may be fewer opportunities to make money.

Overall, this report provides us with a new perspective to observe the market. Although the number of Bitcoin deposit addresses has decreased, this is not necessarily a bad thing. The market is always changing, and we need to remain flexible and adjust our strategies at any time.

Friends, what do you think of this phenomenon? Welcome to share your views and insights in the comment area and discuss it together! 💬

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