Bitcoin

<ul><li>CryptoQuant&#39;s analysis reveals a significant shift in Bitcoin reserves.</li><li>Institutional activity surges as evidence suggests major Bitcoin withdrawals from exchanges.</li><li>The futures market and centralized exchanges show heightened volatility and dynamics.</li></ul>A recent report from CryptoQuant on the X platform delves into the intricacies of Bitcoin&#39;s financial ecosystem, uncovering a pattern that long-term investors might find intriguing. The &#34;Supply in Profit (%)&#34; indicator is central to this investigation, which has proven remarkably prescient at signalling optimal buying opportunities for Bitcoin.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/85c9bf77f15747e0b60364bd40d7e979.png" />Historically, every dip below the 50% mark has been an opportune moment for savvy investors. Per the <a href="https://cryptoquant.com/insights/quicktake/64eb4f60205abb06dd148100-Supply-in-Profit-one-of-the-best-on-chain-indicators-for-long-term-investors?utm_source&#61;twitter&amp;utm_medium&#61;sns&amp;utm_campaign&#61;Quicktake&amp;utm_content&#61;gigisulivan" rel="noopener noreferrer nofollow">report</a>, instances like these were seen when Bitcoin was valued at $290 in 2014/15, under $4,000 in 2019/20, and below $20,000 in 2022.Yet, as the dynamics of the crypto market evolve, so do the determinants that impact Bitcoin&#39;s value and availability. One of the most notable trends over the past year is the shifting of Bitcoin reserves across centralized exchanges.According to another CryptoQuant thread, non-US platforms like Binance, OKX, and Bitfinex saw a surge, with reserves increasing by over 10%. In contrast, US-centric exchanges like Coinbase, Gemini, and Kraken witnessed a steep decline in their Bitcoin reserves, plummeting between 30% to 50%.Read full article at <a href="https://cryptotale.org/institutions-bet-on-btc-as-analyst-decode-exchange-activities/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Institutions Bet on BTC as Analyst Decode Exchange Activities

CryptoTale

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