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BITCOIN INVESTMENT HYPE IS REAL 🔥🧬
Bitcoin exchange reserves have dropped to 2.46 million BTC, the lowest in years, due to significant withdrawals from major platforms like Binance and Coinbase. Since the U.S. presidential election in November 2024, over 171,000 BTC have been moved off exchanges, signaling a shift in investor behavior towards long-term holding. This decline, which began in 2021, reflects growing confidence in Bitcoin as a store of value.
Glassnode data shows a rise in Bitcoin held by long-term investors, with 185,000 BTC added to the illiquid supply in the last 30 days, bringing the total held to 14.8 million BTC (around 75% of the circulating supply). Despite recent price drops, Bitcoin's supply tightening suggests a potential price increase as the available supply diminishes. 0 reply
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