CryptoQuant: Bitcoin exchange deposit addresses reach multi-year low, indicating possible easing of selling pressure
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:理财)
-
运营费用里面包含停车费、充电费和运营人员费用。...[详细]
-
摩拜目前正考虑中国以外的市场。...[详细]
-
和以前的一些美食节目不同,我们不是只动嘴皮子而是真的去吃,壁垒会更高,也会和食物发生更多的化学反应。...[详细]
-
2007年6月,niconico的效仿者Acfun成立;2009年6月,Bilibili也正式成立。...[详细]
-
但到了今天,大部分的物资其实都是过剩的,这也是为什么这些企业现在不太好的原因。...[详细]
-
此外,新能源汽车领域的基础设施建设直接决定了行业发展速度。...[详细]
-
特朗普瞄准 13.84 美元,空头陷入困境——下一个目标会是 15.98 美元吗?
完全匹配广告系列,只需使用完全匹配关键字,而不使用否定关键字。...[详细]
-
所以它必然要找到新的一些商业的模式,而这种商业模式的建立一定在社群。...[详细]
-
资源主义者和机会主义者,对于创业者来说都是非常危险的。...[详细]
-
在袁定今生网络营销群里,有群成员提到,以前公司就一个网站,请了一个SEO优化人员。...[详细]