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：基金专题)

• ·股票三乌鸦-股票三乌鸦是什么形态
• ·国内虚拟币交易所排名 国内虚拟币交易所排行新榜单
• ·游乐币是什么 游乐币是什么意思
• ·币果交易所
• ·Bitget Wallet 更名，发起“人人享有加密货币”运动，并发起 100 万美元募款活动
• ·请问中银新易贷审批严格吗？我想申请中银新易贷借款。
• ·71% 的人表示比特币将在 5 月底恢复峰值，他们说得对吗？
• ·火币怎么写
• ·比特币如今行情-比特币如今行情怎么样
• ·九月底奥地利什么天气
• ·火币pro站
• ·挖币有什么用 挖币有什么用处
• ·比特币中国火币网
• ·知道imtoken钱包密匙
• ·微粒贷如何一次性还款？具体的步骤是什么呢？
• ·以太坊钱包充值-以太坊钱包充值监听