2024

bullish

Bitcoin

<p>Times are changing in the world of cryptocurrencies: Bitcoin reserves on exchanges are dropping to a historic low. Is this the signal of a shift toward true decentralization of finance? While prices have been undergoing a correction since the last halving, on-chain data shows that fundamentals remain solid. Investors now prefer to hold their BTC away from trading platforms, thereby reducing short-term selling pressure.</p>
<h2 id="h-btc-traders-retreat-historical-decline-in-crypto-exchange-reserves">BTC Traders Retreat: Historical Decline in Crypto Exchange Reserves</h2>
<p>Since <strong>the last peak at $73,700 in March</strong>, the <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">price of Bitcoin</a> has struggled to maintain momentum, fluctuating around $62,600 recently. Yet, despite this instability, <strong>BTC reserves on exchanges continue to fall</strong>, hitting <a href="https://x.com/thelordofentry/status/1845400184462663989" target="_blank" rel="noopener noreferrer nofollow">an all-time low</a>.</p>
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     <p lang="en" dir="ltr">Bitcoin reserves on exchanges hit an ALL-TIME LOW! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Bitcoin reserves on exchanges have continued to decline, suggesting that investors are opting to hold rather than sell. <a href="https://t.co/jrefZIrtdM" rel="noopener noreferrer nofollow">pic.twitter.com/jrefZIrtdM</a></p>— TheLordofEntry (@thelordofentry) <a href="https://twitter.com/thelordofentry/status/1845400184462663989?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 13, 2024</a>
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<p>This trend indicates that <strong>traders are increasingly opting for self-custody wallets</strong>, favoring direct ownership. This shift can be explained by:</p>
<ul>
 <li>A 1.96% drop in Bitcoin prices;</li>
 <li>A substantial reduction in positions on the derivatives market;</li>
 <li>The persistence of high network activity, with a constant transaction volume.</li>
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<p>The <strong>reduction in leveraged positions</strong> shows that traders are seeking to avoid excessive risks, which could mitigate short-term volatility, even if the path remains fraught with challenges.</p>
<h2 id="h-bitcoin-long-term-accumulators-in-full-action">Bitcoin: Long-Term Accumulators in Full Action</h2>
<p>Data reveals an interesting phenomenon: <strong>long-term holders continue to accumulate BTC</strong>, while short-term investors seem tempted to sell. This <a href="https://x.com/thelordofentry/status/1845400176992915962" target="_blank" rel="noopener noreferrer nofollow">appetite for accumulation</a> reinforces <strong>Bitcoin’s position as the “flagship crypto” in the digital universe</strong>.</p>
<p>According to TheLordofEntry, the decline in exchange reserves is a bullish signal. He states: “<em>Fundamentals remain strong, despite current volatility.</em>“</p>
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<p>While caution remains among investors, long-term trends appear more promising, supported by <strong>the regular accumulation by loyal holders and the reduction in selling pressure</strong>.</p>
<p>As a reminder, last April, Bitcoin reserves on exchanges reached <a href="https://www.cointribune.com/en/bitcoin-exchange-reserves-plummet-to-a-record-low/" target="_blank" rel="noopener noreferrer nofollow">a record low</a>, signaling a marked trend toward self-managed wallets, a sign of a rush toward greater decentralization.</p>

Bitcoin Reserves Are Collapsing On Exchanges, A Bullish Signal?

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