$BTC Exchange Reserves & On-Chain Flows (Oct 16)
The liquid supply of $BTC on exchanges continues to dry up despite the pullback.
Although the price fell to $80,917 following Wall Street's weak close, on-chain data shows that coins continue to move into private custody, according to CryptoQuant.
Today's on-chain metrics:
- CEX Reserves: 2,680,100 BTC in aggregate balances, marking a new structural 3-year low.
- Net Flows: 41,700 BTC withdrawn from Binance in recent weeks, as reported by CryptoTicker.
- Trading Takeaway: Lower inventory on exchanges reduces spot selling pressure around support; defending $80K could accelerate a rebound when demand returns.
Do you see silent whale accumulation at $80K, or are you worried about further capitulation before the weekend? 🐋
#BitcoinShortTermHoldersReach4.08MBTC
The liquid supply of $BTC on exchanges continues to dry up despite the pullback.
Although the price fell to $80,917 following Wall Street's weak close, on-chain data shows that coins continue to move into private custody, according to CryptoQuant.
Today's on-chain metrics:
- CEX Reserves: 2,680,100 BTC in aggregate balances, marking a new structural 3-year low.
- Net Flows: 41,700 BTC withdrawn from Binance in recent weeks, as reported by CryptoTicker.
- Trading Takeaway: Lower inventory on exchanges reduces spot selling pressure around support; defending $80K could accelerate a rebound when demand returns.
Do you see silent whale accumulation at $80K, or are you worried about further capitulation before the weekend? 🐋
#BitcoinShortTermHoldersReach4.08MBTC