Bitcoin holdings on exchanges fell to their lowest level since November 2018, indicating that investors prefer to hold for the long term

Odaily News The supply of Bitcoin on cryptocurrency exchanges has fallen sharply, reaching its lowest level since November 2018. The trend suggests that investors are increasingly inclined to hold Bitcoin for the long term rather than actively trade it. According to CryptoQuant, the number of Bitcoins held on exchanges has fallen to approximately 2.58 million, a significant drop from the peak of the previous bull market in 2021. The analysis pointed out that the reduced supply of Bitcoin on exchanges puts buyers under pressure because there are fewer Bitcoins available for sale. Therefore, if demand remains the same or increases, Bitcoin's upward trend will be maintained. This also shows that investors' confidence in Bitcoin as a store of value has increased due to unpredictable global economic policies and rising inflation. (Bitcoin.com)