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：发现基金)

• ·dogwifhat：鲸鱼增持，散户退场——现在是抄底 WIF 的最佳时机吗？
• ·保险风险到底是什么意思？
• ·微软记事本新增生成式AI写作辅助功能，Windows 11迎来多项AI工具更新
• ·以太坊：关于 ETH 十年来最低交易所供应量你应该知道的事
• ·城建税及教育费附加税率是什么
• ·10月31日鹏华品质精选混合A净值下跌0.92%，近1个月累计下跌4.9%
• ·深圳市公积金贷款额度怎么计算，想看看我能贷多少钱
• ·10月31日天治趋势精选混合净值增长2.97%，近1个月累计上涨0.27%
• ·总统下场，举国「炒币」，建比特币城，让火山里「喷出」比特币
• ·火币图
• ·TRUMP晚宴参会者：吃了块「沃尔玛牛排」，却没能和总统合影
• ·营业费用和销售费用的区别是什么
• ·比特币交易所排名 前十比特币交易所排名
• ·10月31日南方改革机遇净值下跌0.42%，近1个月累计下跌4.14%
• ·加密货币是否偏离​​了价值？特朗普对加密行业是好是坏
• ·比特币矿池是什么 比特币矿池是什么意思