Seller shortage? Bitcoin exchange reserves plunge as BitMEX bleeds BTC

Bitcoin (BTC) exchange reserves are continuously plummeting as analysts pinpoint the trend to a shortage of sellers. Since the March crash, the reserves on exchanges rapidly fell from 2,950,000 BTC to 2,700,000 BTC.

Within merely seven months, a 250,000 BTC fall in exchange reserves signifies a $2.85 billion decline. Behind the steep trend could be two major factors: a decline in sellers and lower trust toward exchanges.

Bitcoin reserves on exchanges. Source: Glassnode

Is the number of Bitcoin…


Source link

About bitcoin

Check Also

Guggenheim's Minerd Predicted Bitcoin at $15K and $400K, Now He's Out Entirely – Yahoo Finance

Associated Press Ready to run: Panthers’ offense will look ‘vastly different’ Coach Matt Rhule promised …

Leave a Reply

Your email address will not be published. Required fields are marked *