Summary
- The number of Bitcoin exchange deposits has been reported to hit an all-time low of 30,000.
- This is the first time such a figure has been seen since 2016, with the 10-year average number of exchange deposits being 90,000.
- It appears that Bitcoin holders are increasingly recognizing the need to hold Bitcoin long-term.
Transactions transferring Bitcoin (BTC) to exchanges have hit an all-time low.
Axel Adler Jr., a contributor to CryptoQuant, stated on X, "The number of Bitcoin exchange deposits has reached 30,000," adding, "This is the lowest level seen since 2016." He continued, "The 10-year average number of Bitcoin exchange deposits is 90,000," and noted, "It seems Bitcoin holders are increasingly realizing the need to hold onto their Bitcoin long-term."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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