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：个股)

• ·火币c2认证
• ·支付保证金的会计分录怎么做
• ·挖以太坊用什么显卡 挖以太坊用什么显卡性价比最高
• ·今日莱特币行情
• ·为什么持续看好Blinks叙事？如何快速在Blinks上找到100倍机会？
• ·墨链ico多少钱-墨链ink
• ·火币网搬砖
• ·个人所得税补缴是什么意思
• ·支付宝强制开通借呗可以吗？想在借呗上借钱，但是开通不了。
• ·The net inflow of US Bitcoin spot ETF reached 870 million US dollars yesterday, setting a record for the third highest in history
• ·火币网的钱包地址
• ·瓦特交易所行情
• ·暖钱包冷钱包
• ·比特币的首笔交易是什么？完整故事
• ·检验人员工资计入什么科目
• ·Pi Network 斯坦福大学加密货币项目 Nicolas