Crypto Platforms Hold Record Low Bitcoin Reserves

This figure indicates a decrease in trading platform reserves, which may suggest that users are withdrawing Bitcoin due to bullish sentiment.

Monitoring changes in Bitcoin reserves on trading platforms can help analyze market sentiment, with a decrease potentially indicating a positive outlook for the market.

Source

Cryptocurrency trading platforms’ Bitcoin reserves hit record low

According to data from Cointelegraph, the number of Bitcoin reserves held by cryptocurrency trading platforms has reached a record low of approximately 2.68 million on October 17.