BTC and ETH centralized exchange balances drop to multi-year lows
2026-07-09 08:44
Odaily星球日报讯 Bitcoin and ether balances on centralized exchanges have fallen to multi-year lows. Analysts say the reliability of this indicator as a price signal has declined, as a large amount of crypto assets have shifted to institutional custody, ETFs, DeFi protocols, and other on-chain uses. Meanwhile, more Bitcoin and ether are being effectively locked up by companies seeking long-term price appreciation. (CoinDesk).
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