Bitcoin Reserves Hit 2023 Lows but Is the Bottom Confirmed?
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3 Articles
Bitcoin Exchange Supply Falls To 2023 Lows After $8B Leaves Major Platforms
Bitcoin reserves on major exchanges are falling again, with Binance, OKX, and Gemini seeing nearly 100,000 BTC leave their holdings since February, according to CryptoQuant analyst Amr Taha. At Bitcoin’s latest price near $80,700, the combined withdrawals represent more than $8 billion in BTC moving away from those exchange wallets. Bitcoin Exchange Supply via CryptoQuant Binance recorded the largest decline. Its Bitcoin reserves fell from about…
3 Bitcoin Signals Point the Same Way: Do They Confirm a Bottom?
Key Takeaways Whale realized price support: $66K-$70.6K range held during correction. Above this range: local bottom may be established. Binance reserves: 670K to 620K BTC since Feb 21, $4B+ removed. OKX reserves: 132K to 102K BTC since March 2, $2.4B removed. Gemini reserves: 114.8K to 95K BTC since Feb 4, $1.6B removed. Total: 100,000 BTC removed from three exchanges, worth $8B+. Weekend inflow gap now visible: institutional flows follow Trad…
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