The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InOn-chain data from CryptoQuant reveals that Bitcoin (BTC) reserves on centralized exchanges (CEXes) have dropped to approximately 2.7 million units, marking their lowest level since November 2018. This significant decline in liquid supply suggests that investors are increasingly moving assets into private wallets for long-term storage. The shift toward self-custody reflects a strengthening "HODLing" sentiment, which effectively reduces immediate sell-side pressure in the market. Analysts believe this trend is creating a "supply crunch" scenario, where limited exchange availability could lead to heightened price volatility upon any surge in demand. As BTC continues to exit trading platforms, the market's sensitivity to institutional inflows through instruments like IBIT and FBTC is expected to intensify.