The Bitcoin exchange deposit address indicator, compiled by CryptoQuant, a blockchain data analysis company, is at its lowest level since 2016, which may indicate a decrease in selling pressure.

The Bitcoin exchange deposit address indicator represents the number of addresses that send incoming transactions to centralized exchanges. According to a recent research report by CryptoQuant, the number of deposit addresses has dropped to 132100, the lowest level in many years. Its analysis suggests that this multi-year low indicates a decrease in the number of investors selling Bitcoin on spot exchanges, which may mean a decrease in selling pressure.

CryptoQuant research leader Julio Moreno said in an interview with The Block, "Generally speaking, seeing a decrease in deposits to exchanges may indicate a decrease in selling pressure, as there are fewer bitcoins available for sale

However, Moreno added that when the amount of deposits being made to the exchange decreases, it may not only indicate that people are less interested in selling their Bitcoin, but also mean a decrease in overall demand for Bitcoin, as fewer and fewer traders deposit to bet on price increases. He explained:

Some traders deposit on derivative exchanges to open long positions, betting on price increases. In this regard, a decrease in deposits may also mean a decrease in demand for Bitcoin

Another indicator also shows the decreasing monthly supply of Bitcoin liquidity in centralized exchanges. According to CryptoQuant's data, the number of bitcoins in centralized exchanges has decreased by about 470000 since the beginning of this year, a decrease of about 15% from January to September. This trend is reducing the liquidity supply of Bitcoin and may indicate that investors are withdrawing their Bitcoin as part of a long-term holding strategy.

data source

(责任编辑：基金专题)

• ·比特币交易火币
• ·想问问目前广发信用卡积分怎么换现金啊？
• ·Ripple 计划收购 Circle，目前最值得购买的加密货币
• ·黄金一斤多少克-黄金一斤多少克才叫一斤呢
• ·火币网etc
• ·比特币为什么合法
• ·2017挖什么币赚钱 2020挖什么币最赚钱
• ·10月31日嘉实先进制造股票净值增长0.40%，近3个月累计上涨15.97%
• ·已结转管理费用可以冲回吗
• ·uu交易所app
• ·51信用管家和宜信有什么关系？
• ·怎么用拍拍贷贷款，我没有用过贷款app
• ·一文读懂 STEPN GO：创新设计与经济模型深度解析，探索跑鞋二代破圈机会
• ·易欧APP下载指南，如何在安卓手机上安装易欧
• ·稳定币市值突破2310亿美元，增长放缓或预示市场新变局
• ·收到已支付的材料专票怎么做账