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Bitcoin trading platform balance hits nearly 3-year low

Bitcoin trading platform balance hits nearly 3-year low

Bitget2024/06/20 00:58

CryptoQuant data shows that as of June 19, the Bitcoin trading platform reserves (the total amount of Bitcoin available on exchanges) have dropped to a three-year low, reaching 2,825,703 BTC. In January 2024, the balance of the Bitcoin trading platform hovered around 3,039,000 BTC. Low exchange reserves indicate low selling pressure and potential supply shocks.

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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.

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