The Bitcoin supply on exchanges is depleting, what does this mean? 📉🔍

The chart below shows the most important data in the "kitchen" of the Bitcoin market: Exchange Reserves (Purple Line) and Price (White Line).

Why Should We Follow This Chart?

Supply is Decreasing: The amount of Bitcoin on exchanges has fallen from 3.25M levels to 2.7M levels. This is one of the largest "exodus from exchanges" movements in recent years.

Whales are Accumulating: While the price fluctuates, the continued decrease in exchange reserves indicates that large investors are not selling, but rather pulling their assets into secure wallets and investing them in a "long-term sleep."

Price Compression: When the available Bitcoin for sale in the market decreases, the upward movement of the price becomes much more aggressive when a new wave of demand comes in. We technically refer to this as "Supply Shock."

In summary: Although short-term price movements (white line) may fluctuate up and down, the significant drop in the background purple line proves that the bullish appetite for the medium and long term is still very robust.

Selling pressure is weakening, giving way to a strong accumulation process.

#CZAMAonBinanceSquare #USPPIJump #BitcoinETFWatch #USGovShutdown