🚀 Bitcoin (BTC) supply on centralized crypto exchanges fell to its lowest level in 6 years, indicating a decline in selling intent. Well, how is that possible? 😄 Come on, check it out!

- Bitfinex Alpha report: BTC supply on exchanges reaches 45 consecutive months of decline, as BTC hits key resistance level at $45,000.

- A decrease in BTC supply on exchanges is considered bullish, indicating investors' desire to continue holding their assets and reduced selling intent.

- This decline also indicates a shift to decentralized and self-storage solutions.

💡 What is the impact?

- Volatility, liquidity and overall market dynamics are affected.

- BTC deposit transactions to exchanges fell to the lowest level since July 2020, indicating easing selling pressure.

📈 BTC breaks $45,000, but...

- Bitcoin briefly surpassed $44,000, up 170% since the start of the year.

- However, BTC faced resistance at $45,000 and fell again to around $41,700 (at time of writing).

🔮 What to pay attention to?

- If BTC stabilizes above $40,000, it could increase market optimism.

- However, if you have difficulty breaking through this level, it could trigger selling pressure.

- The movement of coins from this age group to exchanges can be a signal of selling intentions or strengthening positions.

Come on, discuss in the comments column! Are you bullish or bearish on Bitcoin? 🤔