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：发现基金)

• ·退役军人抵免税会计分录怎么做
• ·eos官方钱包
• ·以太坊：38 亿美元流入，但 ETH 用户采用却停滞不前——原因何在？
• ·Ark Invest 的 Cathie Wood 预测比特币到 2030 年将达到 150 万美元——原因如下
• ·怎么比特币支付 如何比特币支付
• ·行政事业单位接受捐赠的固定资产会计分录
• ·2018年公积金贷款需要担保人吗？我想申请公积金贷款，不知道要不要这个。
• ·分析师：山寨币即将迎来2017年以来“最强劲的反弹”
• ·外资机构席位·期货品种持仓一览（5月21日）
• ·随着加密货币市场复苏，PEPE、WIF 引领表情包币上涨
• ·个人所得税劳务报酬怎么填
• ·HashKey Capital 荣获 2024 年新加坡中小型企业 500 强奖
• ·Avalanche联合推出1亿美元区块链生态系统Fusion
• ·蚂蚁花呗授予的额度怎么才可以提现呢？
• ·坏账准备对现金流量表有什么影响
• ·dodo币今日价格-DODO币今日价格