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)

• ·应收账款转回怎么会计处理
• ·骑士币行情
• ·TRUMP代币持有者确认参加特朗普晚宴仅花费1200美元
• ·Blur被爆积分排名有黑幕！黄立成：Blur流动性都是假的
• ·什么是远期支票
• ·10月31日永赢半导体产业智选混合发起C净值增长6.80%，近6个月累计上涨43.03%
• ·以太坊钱包查询私匙
• ·特朗普总统上任百日：加密货币市场缩水5200亿美元
• ·事业单位工资计提怎么账务处理
• ·高原是什么意思-青藏高原是什么意思
• ·提供建筑服务预缴城建税后续怎么操作
• ·钱包kb交易费-chia钱包交易费用
• ·查找除权股票
• ·虚拟货币钱包芝麻交易所web3版本下载-芝麻交易所web3钱包官方授权版v6.3.1下载
• ·中国比特币和火币
• ·10月31日交银数据产业灵活配置混合A净值下跌0.45%，今年来累计下跌11.88%