Bitcoin Balances on Exchanges at 2-Year Low and That May Be a Bullish Sign

The balance of bitcoin on major exchanges has hit its lowest levels since November 2018. Yet unlike that time, when bitcoin was in the depths of the crypto winter, some see this current spate of low bitcoin balances on exchanges as a sign that a new generation of investors is putting its money in it for the long term.

Total Bitcoin Balances on All Exchanges
(Glassnode)

The last time bitcoin balances on exchanges were at this low a point was in November 2018, according to data from Glassnode. A…


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