Bitcoin Supply Ratio on Centralized Exchanges Hits a 5-Year Low 📉
The Bitcoin supply ratio on centralized exchanges has dropped to 0.13, the lowest since February 2018. Earlier lows were recorded at 0.18 in early 2022 and 0.158 at the beginning of this year.
Implications of Decreased Supply Ratio 🚫
This decline indicates more Bitcoin is moving from exchanges to personal wallets. Such a trend typically leads to reduced selling pressure and liquidity supply, increasing the possibility of significant price changes for Bitcoin in the near term.
Looking Forward: A Hopeful 2025 🌅
As we anticipate a proper bull market in 2025, I hope all Cobak members’ accounts flourish, allowing everyone to forget about recent market challenges. Let's support each other!
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