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：现货银)

• ·房地产预缴增值税需要计提吗
• ·ipfs币行情走势
• ·会计报表如何把账面亏损变盈利
• ·贷上钱不还会怎么样，会不会上门催收啊?
• ·深圳退市股票
• ·瓦特交易所行情
• ·美国游客称在伦敦乘坐假 Uber 后被盗，价值 12.3 万美元的比特币和 XRP
• ·不通过税金及附加科目核算的税种有哪些
• ·Brock Pierce 确认出演全球首部加密主题沉浸式戏剧 Decode: Legacy
• ·以太坊轻量级钱包
• ·在微粒贷上做贷款容易吗，条件是什么呢？
• ·发币平台卷起来了，但你挣到钱了吗
• ·火币网美元提现
• ·卡卡贷显示待银行处理是不是已经通过了？我已经显示这个界面一天多了。
• ·瓮先查什么再查什么
• ·以太经典帀行情