Bitcoin

<ul class="news-points"> 
 <li><strong>Santiment revealed in an X post yesterday that the exchange supply for BTC and ETH has continued to drop.</strong></li> 
 <li><strong>Furthermore, the intelligence firm shared that more USDT has made its way onto exchanges.</strong></li> 
 <li><strong>From a technical standpoint, both ETH and BTC broke out of falling wedge patterns that had formed on their daily charts.</strong></li> 
</ul> 
<p>In an X post yesterday, the blockchain intelligence firm <a href="https://coinedition.com/btc-and-eth-utility-does-not-justify-their-market-caps-santiment/" rel="noopener noreferrer nofollow">Santiment revealed that the exchange supplies of both Bitcoin (BTC) and Ethereum (ETH)</a> have continued to drop. According to the post, this indicates that traders appear content with holding the 2 market leaders over the medium to long term.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f44d.png" alt="👍" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a>'s &amp; <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a>'s exchange supply has resumed going lower as traders appear content <a href="https://twitter.com/hashtag/hodling?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#hodling</a>. And the even better news is that <a href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Tether</a> is moving back on to exchanges, now at the highest level since March. This indicates more future buy interest. <a href="https://t.co/j5aviy3b5F" target="_blank" rel="noopener noreferrer nofollow">https://t.co/j5aviy3b5F</a> <a href="https://t.co/22b90022aB" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/22b90022aB</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1702736530413068567?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 15, 2023</a> 
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<p>Notably, the exchange supply of Tether (USDT), which is the largest stablecoin by market cap, has been increasing during the same time period. This increase in USDT’s supply on exchanges is indicative of inves…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/btc-and-eth-exchange-supply-drops-while-usdts-rises-report/">BTC and ETH Exchange Supply Drops While USDT’s Rises: Report</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

BTC and ETH Exchange Supply Drops While USDT’s Rises: Report

Coin Edition

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