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：基金专题)

• ·OKX Token2049速遞：首席行銷官Haider揭秘OKX錢包全新陞級的五個關鍵細節
• ·比特币当日价格
• ·为什么美国证券交易委员会对NFT的看法是错误的？
• ·红贝壳交易所
• ·云币和火币
• ·行云手环怎么赚钱
• ·Ripple：如果比特币达到 110,000 美元，XRP 能否收回 3 美元？
• ·警惕披着RWA「财富自由」外衣的陷阱：揭露10大残酷真相
• ·火币网行情
• ·区块链钱包十大排名及用户最想要的答案
• ·瑞士的 SIX Group 考慮推出加密貨幣交易所
• ·比特币为什么大跌 比特币为什么大跌今天还在跌
• ·美元跌至两周低点，因交易员在 G7 会议前比以往任何时候都更加悲观
• ·sc本地钱包删除-sc本地钱包地址
• ·BTC价格突破10.6万美元 股权资本市场对加密货币“敞开大门”
• ·FK币交易所