Editor's PiCK

"Exchange-held Bitcoin Reaches Critical Level... Do Not Sell"

Source
Son Min

Summary

  • Virtual asset analyst Martipati revealed that the amount of Bitcoin (BTC) on exchanges is nearing a critical level.
  • He claimed that exchanges and whales are trying to acquire Bitcoin by exploiting price fluctuations.
  • The decrease in Bitcoin supply on exchanges is interpreted as a positive signal for a rise in Bitcoin prices.

A claim has emerged not to sell virtual assets (cryptocurrencies) until November 2025.

On the 4th (local time), virtual asset analyst Martipati stated on X, "The amount of Bitcoin (BTC) on exchanges is nearing a critical level," and added, "Exchanges and whales attempt to seize Bitcoin by taking advantage of price crashes and surges." He emphasized, "Do not sell virtual assets at least until November 2025."

According to the data, the supply of Bitcoin on exchanges is showing a continuous downward trend. Typically, this is interpreted as a positive signal for a price increase due to a shortage of Bitcoin supply.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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