Bitcoin Exchange Reserve Takes Further Beating, Now Lowest Since August 2018 - BitcoinEthereumNews.com
Looks like the value of the metric has observed decline recently | Source: ग्लासनोड का द वीक ऑनचेन - सप्ताह 14, 2022 As you can see in the above graph, the Bitcoin exchange reserve had been moving mostly sideways since September of last year. However, last month finally the indicator seems to have broken out of consolidation, and now looks to be heading downwards again. संबंधित पढ़ना | बिटकॉइन रियलाइज्ड कैप में नवीनतम रुझान एक तेजी के पैटर्न को दर्शाता है The current balance on exchanges amounts to around 2.47 million BTC, having observed a deduction of about 96k BTC over the past month. This value of the reserve is now the lowest it has been since August 2018. Both the Bitcoin rallies that took the price to new all-time highs in 2021 were preceded by a downtrend in the indicator. As the metric has now broken out of sideways movement and looks to be continuing a similar downtrend again, the price may also observe a similar effect as during those previous instances. संबंधित पढ़ना | बिटकॉइन 2022 मियामी पूर्वावलोकन: क्रिप्टो के सबसे बड़े सम्मेलन से क्या उम्मीद करें However, its not a certainty as any wave of selling can quickly take the exchange reserve back to a