May 6, 2025

Exchange BTC balances continue to drop, what does this mean for BTC price?

1 min read

The CEO of Coin Bureau, Nic Puckrin, mentioned that BTC was entering an accumulation phase, signaling possible bullish sentiments among investors to hold the asset long-term. The crypto executive shared a chart from Glassnode showing BTC balances on exchanges have recently dipped to all-time lows.

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Source: Cryptopolitan

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