🧐 Bitcoin balance on exchanges fell to a three-year low
Traders are increasingly buying bitcoins and withdrawing them from trading floors. According to Santiment, over the past three days, the whales have bought another 70,000 BTC.
Moreover, a report from Arcane Research states that the volume of bitcoin on exchanges is now at its lowest level since August 2018. Since July 27, a total of 178,000 BTC have left the trading floors.
The withdrawal of the coin reduces the pressure on the market and narrows the supply. This factor is a key driver of growth in the value of bitcoin, analysts say.
