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：新股)

• ·高企所得税减免额怎么计算
• ·挖矿远程软件下载
• ·美联储应关注更广泛市场利率而非仅联邦基金利率
• ·10月31日博时移动互联主题混合C净值增长0.23%，近3个月累计上涨13.93%
• ·宜人贷工资贷额度是多少？怎么申请工资贷贷款？
• ·10月31日嘉实价值发现三个月定开混合净值下跌0.65%，近1个月累计下跌6.05%
• ·什么云看什么天气
• ·Bankless：哪些因素让链上游戏越来越快？
• ·4 款被低估且基本面强劲的美国山寨币，值得在 2025 年关注
• ·10月31日博时产业优选混合C净值下跌0.36%，近1个月累计下跌4.92%
• ·「避税天堂」瑞士的加密资产税收与监管制度
• ·10月31日华宝成长策略混合A净值下跌0.52%，近1个月累计上涨0.65%
• ·火币网交易费用
• ·10月31日汇添富美丽30混合A净值下跌1.20%，近1个月累计下跌5.15%
• ·拍拍贷借款筹集满了多久放贷？当天可以拿到钱吗？
• ·挖矿软件用什么