Bitcoin CEX Deposit Addresses Fall to 132,100, Lowest Since 2016
Article is form Jinse
September 16, 2024
This article is translated by ChatGPT Show original
According to Golden Finance, CryptoQuant analyst CryptoOnchain posted a chart on social media showing that the number of Bitcoin exchange deposit addresses has dropped to 132,100, the lowest level since 2016. This indicator represents the number of addresses sending inflows for trading to exchanges. A lower value indicates a decrease in the number of investors selling tokens on spot exchanges, potentially suggesting a reduction in selling pressure.
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