The amount of Bitcoin (BTC) on exchanges has dropped to its lowest level since 2018 ๐. This indicator suggests that fewer people are willing to sell, as investors prefer to keep their BTC in private wallets ๐. This trend is seen as positive in the long term, because it limits the supply in the market, which could drive the price of BTC in the future ๐. In addition, this drop coincides with a growing adoption of Bitcoin and accumulation by large players ๐ฆ.
Source: Crypto Report.