Gold Finance reported that according to a recent research report by CryptoQuant, the number of Bitcoin CEX platform deposit addresses has dropped to 132,100, the lowest level in years. This indicator represents the number of addresses sending inflows to trading platforms. Analysis shows that this multi-year low suggests a decrease in the number of investors selling Bitcoin on spot trading platforms, potentially indicating a reduction in selling pressure.

However, Julio Moreno, Head of Research at CryptoQuant, also noted that a decline in platform deposits could signify more than just reduced interest in selling Bitcoin. It could also mean a decrease in overall demand for Bitcoin as traders depositing funds to bet on price increases are fewer.