The Bitcoin exchange deposit address indicator, compiled by CryptoQuant, a blockchain data analysis company, is at its lowest level since 2016, which may indicate a decrease in selling pressure.

The Bitcoin exchange deposit address indicator represents the number of addresses that send incoming transactions to centralized exchanges. According to a recent research report by CryptoQuant, the number of deposit addresses has dropped to 132100, the lowest level in many years. Its analysis suggests that this multi-year low indicates a decrease in the number of investors selling Bitcoin on spot exchanges, which may mean a decrease in selling pressure.

CryptoQuant research leader Julio Moreno said in an interview with The Block, "Generally speaking, seeing a decrease in deposits to exchanges may indicate a decrease in selling pressure, as there are fewer bitcoins available for sale

However, Moreno added that when the amount of deposits being made to the exchange decreases, it may not only indicate that people are less interested in selling their Bitcoin, but also mean a decrease in overall demand for Bitcoin, as fewer and fewer traders deposit to bet on price increases. He explained:

Some traders deposit on derivative exchanges to open long positions, betting on price increases. In this regard, a decrease in deposits may also mean a decrease in demand for Bitcoin

Another indicator also shows the decreasing monthly supply of Bitcoin liquidity in centralized exchanges. According to CryptoQuant's data, the number of bitcoins in centralized exchanges has decreased by about 470000 since the beginning of this year, a decrease of about 15% from January to September. This trend is reducing the liquidity supply of Bitcoin and may indicate that investors are withdrawing their Bitcoin as part of a long-term holding strategy.

data source

(责任编辑：现货银)

• ·比特股是什么币 比特股是什么币种
• ·万安科技收盘涨1.6%，主力资金净流出2206.06万元
• ·请问简单借款靠谱么？最近想在简单借款上借款。
• ·meme币苹果下载地址 meme币最新版官方下载链接
• ·摩根大通首席执行官警告称，股市在突然复苏中将出现“异常自满情绪”
• ·合并成经营分部需要满足哪些条件？
• ·前纽约联储主席杜德利：美联储应为市场的意外做好准备
• ·最大币价格
• ·汇兑损益的处理方式有哪些
• ·南都电源收盘涨6.89%，主力资金净流入5111.56万元
• ·工业总产值是指什么
• ·BTP币多少钱
• ·比特时代火币网
• ·未开通网银的卡能否绑定支付宝？
• ·50万BTC即将暴跌？比特币波动性面临新考验！
• ·农行贷款申请需要满足哪些条件呢？