Bitcoin Exchange Supply Nears 5-year Low After $2 Billion Buy This Week
Bitcoin exchange supply dropped to near a 5-year low after investors withdrew over $2.15 billion in BTC this week.Summary
Despite Bitcoin struggling under a month-long downtrend, investor activity is increasing, evidenced by a sharp decline in exchange balances. Over 23,385 BTC, valued at more than $2.15 billion, were withdrawn from trading platforms in the last seven days, pushing reserves to their lowest level since January 2021. This significant outflow signals longer-term holding behavior, which eases selling pressure and could support a price recovery if macro conditions stabilize. While retail holders are accumulating, the absence of strong "smart money" participation remains a concern that could hinder a sustained rally. Bitcoin is currently trading above $91,521 but remains below its downtrend resistance; a decisive breakout above $95,000 is needed to restore bullish momentum, otherwise, a drop toward $86,822 is possible.
(Source：BeInCrypto)