Bitcoin exchange reserves are back near $222B in USD value while price sits around $83K.
One thing to keep in mind though, this chart is measured in dollars.
So part of that move comes from the price of $BTC itself, not only fresh deposits.
If reserves keep rising while price starts to stall, that would be the more important signal here.
One thing to keep in mind though, this chart is measured in dollars.
So part of that move comes from the price of $BTC itself, not only fresh deposits.
If reserves keep rising while price starts to stall, that would be the more important signal here.