November 8, 2024

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Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish Shift

1 min read
Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish Shift
Decreasing Bitcoin Supply on Exchanges Indicating Possible Bullish ShiftBitcoin’s supply on exchanges has significantly decreased, reaching new lows amid a bullish market trend, which analysts interpret as a shift towards long-term holding rather than short-term trading. A report by Bybit claimed that the diminishing supply could deplete within the next nine months, driven by factors such as the recent Bitcoin halving event and […]