LukeMikic21 on Nostr: 🚨Bitcoin Supply on Exchanges Plunges to a 5-Year Low 🚨 As of October 2024, ...
🚨Bitcoin Supply on Exchanges Plunges to a 5-Year Low 🚨
As of October 2024, #Bitcoin held on exchanges has dropped to just 2.6 million BTC—down from a peak of 3.3 million in July 2021. 📉 This is the lowest in over five years and signals a serious shift in investor behaviour
👀Bottom line? As exchange reserves shrink, demand spikes can easily trigger a major supply squeeze. Are we looking at Bitcoin’s next bull run setup?
Signal > Noise
Published at
2024-10-29 13:37:33Event JSON
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"content": "🚨Bitcoin Supply on Exchanges Plunges to a 5-Year Low 🚨\n\nAs of October 2024, #Bitcoin held on exchanges has dropped to just 2.6 million BTC—down from a peak of 3.3 million in July 2021. 📉 This is the lowest in over five years and signals a serious shift in investor behaviour\n\n👀Bottom line? As exchange reserves shrink, demand spikes can easily trigger a major supply squeeze. Are we looking at Bitcoin’s next bull run setup? \n\nSignal \u003e Noise\n\nhttps://m.primal.net/LlwV.jpg",
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