LukeMikic21 on Nostr: 🚨Bitcoin Supply on Exchanges Plunges to a 5-Year Low 🚨 As of October 2024, ...
🚨Bitcoin Supply on Exchanges Plunges to a 5-Year Low 🚨
As of October 2024, #Bitcoin held on exchanges has dropped to just 2.6 million BTC—down from a peak of 3.3 million in July 2021. 📉 This is the lowest in over five years and signals a serious shift in investor behaviour
👀Bottom line? As exchange reserves shrink, demand spikes can easily trigger a major supply squeeze. Are we looking at Bitcoin’s next bull run setup?
Signal > Noise
As of October 2024, #Bitcoin held on exchanges has dropped to just 2.6 million BTC—down from a peak of 3.3 million in July 2021. 📉 This is the lowest in over five years and signals a serious shift in investor behaviour
👀Bottom line? As exchange reserves shrink, demand spikes can easily trigger a major supply squeeze. Are we looking at Bitcoin’s next bull run setup?
Signal > Noise