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：风向标)

• ·应收账款转回怎么会计处理
• ·the火币
• ·在淘宝卖股票
• ·trx走势最新价格-trx行情价格
• ·个税申报错误已扣款怎么办
• ·以太坊第 1 层网络收入骤减，原因何在？
• ·购买的安全帽怎么做会计分录
• ·Avenir Crypto、MYX Finance 和 Deribit 联合主办 Quant CIO Executive Night 大获成功，行业领袖齐聚点亮 Token2049
• ·手机火币怎么交易
• ·埃隆·马斯克宣布将大幅减少政治支出
• ·福利部门领用原材料的分录怎么做
• ·bcd价格金色财经
• ·冰雹霜冻还有什么什么-冰雹,霜冻还有什么
• ·嘉楠科技Q1营收8278万美元同比增135.9%
• ·怎么提升花呗额度啊？我的花呗不太够，每次都要删购物车。
• ·火币网莱特币