Analysis: Bitcoin Exchange Reserves Hit New Lows, Indicating Continued Long-term Accumulation by Whales and Institutions
According to a report by Jinse Finance, as disclosed by Cointelegraph, Bitcoin exchange reserves have hit a new low. BTC is continuously flowing out of centralized platforms, indicating that entities such as whales, institutions, and governments, which prefer non-custodial storage methods, are engaging in long-term hoarding of coins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The three major U.S. stock indexes opened lower, with Microsoft down 2.8%.
CleanSpark: 587 BTC mined in November, total bitcoin holdings reach 13,054
Forward Industries: SOL total holdings exceed 6.9 million, and liquid staking token fwdSOL launched
Trending news
MoreCrypto prices
More
