Bitcoin exchange reserves fall to two-year low after $8B exodus
Burns Brief
Nearly 100,000 Bitcoin exited major exchanges as OTC balances tightened and demand from accumulator addresses increased by 60%, pointing to reduced liquid supply The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC $NEAR for reaction — a decisive move above or below key levels will confirm the next trend.
Nearly 100,000 Bitcoin exited major exchanges as OTC balances tightened and demand from accumulator addresses increased by 60%, pointing to reduced liquid supply.
Key Takeaways
- Nearly 100,000 Bitcoin exited major exchanges as OTC balances tightened and demand from accumulator addresses increased by 60%, pointing to reduced liquid supply