Fidelity, $5 Trillion Asset Manager, Reports Bitcoin Supply on Exchanges at Lowest Since 2018 Due to Public Company Purchases

Bitcoin exchange balances have reached their lowest levels since late 2018, according to recent market observations. This decline in Bitcoin supply on exchanges is primarily driven by purchases from public companies, a trend highlighted by Fidelity, a $5 trillion asset manager. Fidelity’s analysis indicates that these corporate acquisitions are accelerating the reduction of Bitcoin available on trading platforms, reflecting a shift in market dynamics as institutional interest in Bitcoin grows. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant