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：基金工具)

• ·EMC Labs 报告：9 月降息，调整半年的比特币将重定趋势
• ·芝麻交易所虚拟货币apk下载-芝麻交易所币币交易所网页版v6.7.0下载
• ·股票鹤立
• ·OKX|欧意网页登录|欧意网址多少，一站式数字交易平台
• ·特斯拉比特币储备超12.5亿美元：机构投资如何引领加密货币未来
• ·10月31日国富新趋势混合A净值增长0.10%，今年来累计上涨4.17%
• ·5 月 24 日比特币价格预测：突破势头冷却，多头在 11.2 万美元附近暂停
• ·保额50万和100万保险有什么不同？哪个更适合我？
• ·Animoca 或将美国上市，能救 GameFi 吗？
• ·保费和基本保险金额有啥不一样？
• ·BingX Launchpool 上 OVER 新幣，質押金額超 9,000 萬 USDT
• ·学生意外保险能报销多少？保险金额是多少？
• ·活动前瞻 04 期｜星洲盛事：新加坡 Token2049 领衔 9 月 9 日至 23 日全球 Web 3.0 活动精选
• ·瑞联新材：医药板块同比增长超5000万元，原料药泊沙康唑已可规模化生产
• ·GBFA 亚洲数字经济投资论坛 9 月 27 日深圳盛大开幕，共话 AI 与 WEB3 的创新篇章
• ·10月31日兴全多维价值混合A净值增长1.12%，近3个月累计上涨16.75%