Analysis: BTC Exchange Deposit Addresses at 2016 Low
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September 22, 2024
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Mars Finance News: BTC Exchange Deposits at Lowest Point Since 2016
Leon Waidmann, Head of Research at the Onchain Foundation, posted on X (formerly Twitter) that based on CryptoQuant data, the number of Bitcoin (BTC) exchange deposit addresses is currently at its lowest level since 2016. This suggests that few people are willing to send their BTC to exchanges to sell.
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