Topic: [2022-03-17] Exchange Reserve Loses Another 50k BTC Over Past Week (Read 91 times)
I would not read too much into this figure (assuming it is accurate). I would speculate that more institutions have been buying coin as long-term investment and have come up with ways to hold their coin on their own, as opposed to keeping it on an exchange.
March 17, 2022, 03:29:41 PM
As pointed out by an analyst in a CryptoQuant post, 50k BTC in net outflows has exited exchange wallets over the past week.
The “all exchanges reserve” is an indicator that measures the total amount of Bitcoin stored in wallets of all centralized exchanges.
When the value of this metric goes up, it means the supply on exchanges is rising as investors deposit a net amount of coins. Such a trend may be bearish for the price of the coin as holders usually transfer to exchanges for selling purposes.
On the other hand, the reserve’s value decreasing implies that a net amount of Bitcoin is exiting exchange wallets at the moment. This kind of trend when sustained over a period can prove to be bullish for the coin’s price as it may be a sign that investors are accumulating.
Source: https://www.newsbtc.com/news/bitcoin/bitcoin-bullish-exchange-reserve-loses-50k-btc/
The “all exchanges reserve” is an indicator that measures the total amount of Bitcoin stored in wallets of all centralized exchanges.
When the value of this metric goes up, it means the supply on exchanges is rising as investors deposit a net amount of coins. Such a trend may be bearish for the price of the coin as holders usually transfer to exchanges for selling purposes.
On the other hand, the reserve’s value decreasing implies that a net amount of Bitcoin is exiting exchange wallets at the moment. This kind of trend when sustained over a period can prove to be bullish for the coin’s price as it may be a sign that investors are accumulating.
Source: https://www.newsbtc.com/news/bitcoin/bitcoin-bullish-exchange-reserve-loses-50k-btc/
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