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)

• ·请问拍拍贷可不可以注销个人帐户呢?
• ·审计报告中的所有者权益变动表怎么填写
• ·企业所得税年报资产折旧怎么填
• ·预言机私钥泄露损失仅1.4ETH，Lido安全机制堪称「教科书级」？
• ·火币可以买比特币
• ·Tellor (TRB) 哪里可以买？推荐三大交易平台！
• ·支付宝强制开通借呗可以吗？想在借呗上借钱，但是开通不了。
• ·零币zec冷钱包-冷钱包的币突然被转走了
• ·卡牛信用管家贷款上征信吗？
• ·比特币是什么时候出现
• ·Ripple 的悄然崛起：比特币 Maxis 是否应该担心 XRP 日益增长的影响力？
• ·承兑汇票是否可以在银行贷款
• ·冷钱包官方钱包-冷钱包官方钱包下载
• ·ethereum交易所
• ·拍拍贷信用额度可以提现吗？不是很了解。
• ·现金借款为什么第二次申请被拒？第一次通过审核了啊。