BTC balances on CEX continue to decline
BlockBeats news, on April 8, according to CryptoQuant data, the BTC balance on exchanges continues to decrease, with the BTC balance on exchanges dropping by about 100 thousand in the past year, and currently there are still about 867 thousand BTC held on exchanges.
Analysis suggests that Bitcoin continues to benefit from holders who are willing to withdraw supply from exchanges, rather than constantly reintroducing it back into the market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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