Ni Da analyzes Bitcoin exchange position dataEven during the main time in Asia, we can still see that high-net-worth investors continue to increase their holdings of#BTCon a large scale. I guess some friends are wondering whether this part of the increase is the share transferred by users to exchanges, so they also took a look. From the position data of the exchange, it can be clearly seen that the total volume of the exchange is declining.Moreover, the current total number of BTC holdings on exchanges has reached the lowest point in the past six years, which is only the same as in May 2018. Of course, the decrease in the stock on the exchange does not mean that the price will definitely rise. Some friends may even say Is it because there are too many pledged projects that everyone is withdrawing money?Regardless of the reason, we can see that there are fewer and fewer BTC currently circulating.As I said before, why is there no big needle or plummet? It is just withdrawn and not placed on the exchange. The exchange has no chance to clean up the contract. The reduction in liquidity is supported by the data!
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