Bitcoin's exchange supply has reached a new low, holding at 5.6%, the lowest level since 2018, according to data from Santiment. This trend indicates a potential decrease in selling pressure as more Bitcoin is being held off exchanges.
In contrast, Ethereum's exchange supply has increased slightly to 4.6%. The differing trends between Bitcoin and Ethereum may reflect varying investor strategies and market dynamics for these leading cryptocurrencies.
Bitcoin Exchange Supply Hits Lowest Level Since 2018
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.