BTC balances on exchanges at a record low level
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According to the latest data, the amount of BTC available on exchanges is reaching the lowest level in history. How noted Ki Young Ju, CEO of CryptoQuant’s analytical platform, has returned to historic lows last seen in early May.
Time for another liquidity crisis on the sale side of BTC?
There are on the big exchanges 2.399 million BTC available. The May low was 2.390 million.
BTC traders thus reversed the deposit trend that occurred during the price coup in mid-May. This points to a clear return to a mentality focused on investment and not speculation.
It’s not just about retail. Derivative platforms they also saw a large selection of bitcoins this week, with the overall supply becoming less mobile.
Data from another analytical company Glassnode confirmed that on Friday the part of the offer, which last ranged one to two years ago, reached a three-year low. Those who last moved Bitcoins between September 2019 and September 2020 therefore do not touch their ratings.
In the long run, BTC’s limited liquidity may mean bull signal. Cryptocurrencies are becoming more and more valuable and limited as fewer and fewer people trade and more and more people live.
