šØ Binance Research: Multiple On-Chain Signals Point to a Bitcoin Supply Shock
According to Binance Research, 4 major BTC on-chain indicators are showing signs of tightening supply and weakening sell pressure.
š¹ Nearly 60% of all Bitcoin hasnāt moved in over 1 year
š¹ Exchange reserves dropped from 17.6% to 15.0% since the COVID-era peak
š¹ Around 500,000 BTC have reportedly left exchanges
š¹ SLRV remains near historic lows, signaling reduced speculation
š¹ BTC STH MVRV is back above 1.0, meaning short-term holders are returning to profit
The data suggests holders are accumulating while available sell-side liquidity continues to shrink. š
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