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：发现基金)

• ·kr币怎么认证 kr币注册教程
• ·10月31日大摩多因子策略混合净值增长0.63%，近3个月累计上涨12.88%
• ·火币网2015
• ·meme币交易所中国能用么 meme币交易所在中国合法吗
• ·21Shares 预测供应紧缩将推动比特币价格升至 13.8 万美元
• ·工资表个税多扣了怎么账务处理
• ·莱特币怎么挖 莱特币怎么挖矿
• ·Fil会成为第二个以太坊吗(探究Fil和以太坊的异同与前景)
• ·以前年度损益怎么调整报表期初数
• ·10月31日富国诚益回报12个月持有混合C净值下跌0.28%，近1个月累计下跌2.24%
• ·火币网可以提币吗
• ·比特币现金在哪个软件 比特币现金在哪个软件交易
• ·解读 Messari 代币解锁报告：新增 5% 的流通量会显著影响币价，11 月第 1 周将出现最大解锁
• ·全球最安全的比特币交易平台排名 比特币外汇交易平台
• ·什么火灾灭什么火
• ·4月29日市场关键情报，你错过了多少？