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：时讯)

• ·美国虚拟货币排名前十_以太坊交易平台
• ·游乐交易平台
• ·美国稳定币战略：重塑美元霸权与国债市场格局
• ·guiminer钱包-guicci钱包
• ·专访Kava联创Scott：「能用」才是AI公链的唯一真理
• ·电脑挖矿有什么 电脑挖矿有什么危害
• ·柴犬在看涨模式重新测试后有望飙升25%
• ·北京申请公积金需要缴纳的费用有哪些呢？想知道我申请贷款买房后要交哪些费用。
• ·FARTCOIN：memecoin 的下一个目标会是 1.5 美元吗？——如果会，会怎样？
• ·10月31日上银高质量优选9个月持有混合A净值增长0.44%，近3个月累计上涨15.61%
• ·二手房公积金贷款申请流程是怎样的？想要了解一下。
• ·bcn钱包
• ·火币网比特币提现
• ·本周加密游戏：《MapleStory N》登陆 Avalanche，Solana 的《Nyan Heroes》关闭
• ·如果你一年前买了 500 美元的 PEPE，现在你就会拥有这个
• ·VanEck research suggests that Solana is expected to rise to $330, with network advantages being key