The data on the series shows that the Bitcoin Exchange reserve has seen a significant increase, a sign that can be downward for the price of the original.
The height of the Bitcoin Exchange reserve has reached its highest level in several months
In a new publication on X, Cryptoquant Maartunn Community Analyst has spoke about the latest trend in the Exchange of Bitcoin Reserve. The “Exchange reserves” indicates an indicator of the series that tracks the total amount of the encrypted currency sitting on the portfolio associated with central exchanges.
When the value of the scale rises, this means that investors make clear deposits of the original of these platforms. In general, one of the main reasons behind the transport of metal currencies to the stock exchanges is for the purposes of selling them, so this type of trend can have decreased consequences on the BTC price.
On the other hand, the indicator, which is witnessing a decline, indicates that investors take a clear number of symbols from stock exchanges. Such trend can be a sign that their owners want to keep BTC in the long run, which can be naturally upward for the value of the origin.
Now, here is a scheme that clarifies the trend in bitcoin exchange reserves during the history of the encrypted currency:
As visible in the graph above, the Bitcoin Stock Exchange reserves reached its peak in late 2024 and saw a reflection to the declining direction, indicating that investors have turned into a net cloud.
The decrease in the scale was fixed, but recently, another shift has recently occurred, with the launch of the index instead. Its value has now reached a sign of 3.383 million BTC, which is the highest that was within a few months.
“This indicates a shift in trading behavior,” Maartunn notes. “More metal currencies that are transmitted to exchanges are often preceded by increased sale pressure.” The boom of the deposit came from investors along with a period of declining work in the bitcoin price. It remains now to see whether these exchange flows will expand the clouds.
When talking about low prices, Glassnode discussed the series level on how to compare this diving with the previous in terms of BTC supplies in the loss.
As shown in the scheme, only 9 % of bitcoin supply in the loss after the price is withdrawn. The maximum loss between these underwater metal currencies is currently only 10 %. Glassnode also explains,
On the contrary, the local bottom of this course saw more than 25 % of the losses by up to 23 %, and the global bear markets reached more than 50 % with losses of up to 78 %. This decrease is still relatively shallow.
BTC price
At the time of writing this report, Bitcoin is trading about $ 111200, an increase of 2 % over the past 24 hours.
Source: https://www.newsbtc.com