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：风向标)

• ·股票风险多大
• ·固定资产清理与资产处置损益之间的区别
• ·32位怎么挖矿 32位系统挖矿
• ·bcc币今日行情
• ·请问广发车主卡新卡有什么优惠吗？
• ·Inverse Finance (INV) 购买指南及交易所推荐
• ·火币网是什么东西
• ·带息负债融资成本率如何计算
• ·工程项目增值税如何抵扣
• ·挖矿软件以太坊-挖矿软件 以太坊
• ·江什么穿什么衣服-江什么穿什么衣服的成语
• ·地产b股票
• ·宜人贷极速贷款审核未通过的原因有哪些？不是很了解。
• ·股票修改成本-股票修改成本价是什么意思
• ·GENIUS稳定币法案拆解：发行资格、监管红线与核心用途全梳理
• ·免税收入对应的进项税能否抵扣