Bitcoin

<ul><li>Bitcoin supply on exchanges drops to 4-year low of 1.17M, reflecting growing investor confidence.</li><li>Despite a brief dip below $30K, Bitcoin price rebound shows no signs of panic selling.</li><li>Reduced exchange supply indicates investors moving holdings to self-custody wallets for security.</li></ul>The supply of Bitcoin on cryptocurrency exchanges fell below 1.2 million this past week, reaching lows not seen since November 2018. This milestone comes even after the flagship cryptocurrency briefly dipped below $30,000, reflecting strengthening confidence among long-term holders.Santiment, a blockchain analytics company, recently tweeted that the number of Bitcoins available on exchanges has continued to decrease:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bb5fe203313e4019ae7986d8fe92542c.png" />In regards to Santiment, the declining supply of Bitcoin on exchanges indicates that investors are moving their holdings into self-custody wallets. This trend shows that the recent price drop has not triggered panic selling or fears of further declines.The shift towards self-custody wallets enables investors to control their cryptocurrency assets directly rather than relying on exchanges. This provides greater security and reduces risks associated with keeping funds in hot wallets on trading platforms.Read full article at <a href="https://cryptotale.org/btc-investor-sentiment-strengthens-as-supply-in-exchanges-drops-to-4-year-low/" rel="noopener noreferrer nofollow">CryptoTale.</a>

BTC Investor Sentiment Strengthens as Supply in Exchanges Drops to 4-Year Low

CryptoTale

Other articles published on Jul 26, 2023

Reddit Announces GEN 4 Avatars Launch Evoking Criticism

BlackRock Seeks Advantage in Bitcoin Early Bull Market Stage Preceding ETF Approval

Litecoin Price Prediction 2024: Will LTC bounce back from $80?

Uniswap Enhanced DEX Version Pushes Decentralization Forward

WOO Network and Shiba Inu Lose Value while VC Spectra Reaches Another Important Milestone

Tokenization is driving new value, and Asia is leading the way: Opinion

Join our free newsletter for daily crypto updates!