Bitcoin on Exchanges Hits 7-Year Low Amid Market Shift
Key Takeaways
- The amount of Bitcoin held on exchanges has dropped to 7.53% – the lowest level since February 2018.
- Fewer BTC on exchanges suggests growing confidence and long-term holding strategies.
- Network activity is increasing – more active addresses and transactions.
- Technical indicators show stable support and potential for upward movement.
- Liquidations of long and short positions are balanced – the market is in equilibrium.
Less Bitcoin on Exchanges – What Does It Mean?
The share of Bitcoin (BTC) held on centralized exchanges has fallen to 7.53%. This is the lowest level in over seven years. This decline indicates that many investors prefer to store their coins in private wallets rather than leaving them on trading platforms. This points to a long-term holding strategy – also known as “Hodling.”
With fewer BTC available on exchanges, liquidity decreases. This can lead to greater price volatility, as buy and sell orders are less easily matched. At the same time, the decline signals growing confidence in Bitcoin’s future value – especially among institutional investors.
Increased Activity on the Bitcoin Network
On-chain data also shows positive developments. The number of active addresses has increased by 1.16%, now exceeding 10.17 million. This means more users are sending or receiving BTC, indicating increased network usage.
In addition, the number of daily transactions has risen by 0.74% – to over 418,000. This rise in activity suggests that interest in Bitcoin is growing not only as a store of value but also as a means of payment.
Technical Analysis: Support Holds – Is a Breakout Coming?
A look at technical indicators shows that Bitcoin is currently defending key support levels. According to the Fibonacci retracement, stable support is found around USD 81,325 – the 0.236 level.
The Relative Strength Index (RSI) is at 51. This is a neutral value and indicates that BTC is neither overbought nor oversold. This leaves room for price movement in either direction. If Bitcoin remains above the current support level, an upward breakout is possible.
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Liquidations: Market Remains Balanced
Liquidation data shows a balanced ratio: USD 3.65 million in long positions were liquidated, compared to USD 3.56 million in shorts. This suggests a balance between bullish and bearish market participants.
Such a state indicates a phase of stabilization. Only a strong price increase or decrease could disrupt this balance and initiate a new trend.
Our Assessment
The decline in the amount of Bitcoin held on exchanges, combined with increasing network activity and stable technical indicators, suggests a potentially bullish phase. Many investors appear to want to hold BTC long-term, tightening supply on the market. At the same time, the market remains balanced, making short-term price fluctuations possible.
If you are invested in Bitcoin or considering entering the market, it’s worth keeping an eye on current support levels and network activity. A sustainable price movement may be on the horizon – especially if confidence in Bitcoin continues to grow.
Sources
- Santiment
- CryptoQuant
- Coinglass
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $87,263.00 |
| 24h % | 2.36 % |
| 7d % | 3.65 % |
| 30d % | 3.87 % |
| 60d % | -9.81 % |
| 1y % | 34.29 % |
| Market Cap | $1,732,549,582,957.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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