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：市场数据)

• ·美借分期第二次秒拒的原因是什么？第一次还可以成功借到的。
• ·建筑业异地预缴增值税退税吗
• ·个人独资企业分红怎么交税
• ·520枚BTC从未知钱包转入Coinbase Institutional
• ·最新十大虚拟货币排名 最受欢迎的十大虚拟货币排行，它们分别是谁
• ·TRON创下USDT新纪录，逼近以太坊
• ·什么显卡挖矿好 什么显卡挖矿好用
• ·八大虚拟币交易app排行 评价最好的交易平台推荐
• ·火币网骗
• ·如何买卖key
• ·最新十大虚拟货币排名 最受欢迎的十大虚拟货币排行，它们分别是谁
• ·用邮政手机银行还平安信用卡的钱要手续费吗？还能怎么还款啊？
• ·收入与成本不匹配的原因是什么
• ·HashKey Exchange CEO Livio Weng：特朗普當選將推動更多國家和金融機構進場
• ·长期待摊费用是当月摊销吗
• ·k网交易平台