Bitcoin Supply On Exchanges Hits New Multi-Year Low Of 13.27%
On-chain data shows that the Bitcoin supply on exchanges has continued to go down despite the crash, and has now hit a multi-year low of 13.27%. Percentage of Bitcoin Supply On Exchanges Sinks To Multi-Year Low As per the latest weekly report from Glassnode, the percentage of the BTC supply on exchanges has now declined to a multi-year low of around 13.27%. The “percentage of supply on exchanges” is an indicator that measures the percent of the total circulating Bitcoin supply that’s currently stored in exchange wallets. When the value of this indictor goes up, it means....
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In the midst of the waning action of the Ethereum price, investor sentiment, especially those on centralized exchanges, appears to be holding remarkably strong. Despite experiencing a pullback, causing ETH to lose the $3,000 price mark, the overall supply of the altcoin on cryptocurrency exchanges has fallen sharply, reaching a new multi-year low. Exchange-Held Ethereum […]
The way bitcoin holders move the BTC in and out of their wallets can often be a strong indicator of where the market might be headed next. Not just the movements of the asset, but where they are being moved to. An example of this is when more investors are moving their holdings to exchanges, which means that sell sentiment has risen and investors are dumping their coins, and vice versa. In this same line, looking at the liquid and illiquid supply of bitcoin can also be another strong indicator. And this time around, the percentage of bitcoin supply that remains illiquid point towards a....
On-chain data shows that the percentage of Ethereum supply present on exchanges has set new lows of around 14%. Ethereum Supply On Exchanges Continues To Go Down As pointed out by an analyst in a CryptoQuant post, the ETH supply present on exchanges has been going down since a while now. It has now hit new lows of about 14%. The “percentage supply on exchanges” is an indicator that shows the share of the total Ethereum supply stored in wallets of all exchanges. Usually, this supply present on exchanges is said to be the selling supply of ETH, and so if the indicator’s....
According to on-chain data from analytics platform Santiment, Ethereum’s supply on exchanges has dropped to an all-time low, plunging below 4.9%. This marks the lowest level recorded in its 10+ year history and highlights a dramatic shift in investor behavior. This is a prime indicator of an incoming upside for Ethereum, especially with sentiment surrounding […]
Percentage of the Bitcoin supply on exchanges has dipped further down to 12% recently, as the supply shock continues to deepen. Just 12% Of Bitcoin Supply Is Now Held By Exchanges As pointed out by an analyst in a CryptoQuant post, the percentage of BTC supply stored on exchanges has now dropped down to just 12%. The all exchanges reserve is an on-chain indictor that measures the total amount of Bitcoin currently held by wallets of all exchanges. The “percentage of BTC supply on exchanges” is a metric that tells us the ratio between the exchange reserve and the total supply of....