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#BTC 📊 Bitcoin supply on exchanges has fallen to 7.53%
This is the lowest since February 20, 2018.
What does this mean?
BTC investors are comfortable holding on to the long-term, regardless of short-term price fluctuations.
The decline in exchange balances historically coincides with a bull cycle.
As more BTC moves into self-custody, it is becoming clear that market participants are treating Bitcoin more as a store of value than a speculative trading asset.
This is the lowest since February 20, 2018.
What does this mean?
BTC investors are comfortable holding on to the long-term, regardless of short-term price fluctuations.
The decline in exchange balances historically coincides with a bull cycle.
As more BTC moves into self-custody, it is becoming clear that market participants are treating Bitcoin more as a store of value than a speculative trading asset.
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