Bitcoin Exchange Deposits Hit Lowest Level Since 2016 Amid Shifting Market Dynamics

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Bitcoin exchange depositing addresses have dropped to their lowest point since 2016, suggesting a significant decrease in the number of investors selling their coins on spot exchanges. This trend hints at a potential reduction in selling pressure, a bullish sign for long-term holders as fewer coins are being offloaded into the market. #Bitcoin Base Cost Analysis: Whales vs. New Investors “New whales and Binance traders are actively buying, while old whales continue to hold. This mix could signal market stability and potential price growth.” – By @IT_Tech_PL Link 👇https://t.co/thpqa7G5YK pic.twitter.com/Ro9RqghleU — CryptoQuant.com (@cryptoquant_com) September 16, 2024 In terms of investor

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