Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

2025-05-22

Solana to get a big design prevention

2025-05-22

Avalanche rises 11% to $ 25 NA FIFA reveals blockchain and Vaneck Eyes Fund

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21
  • NFT

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Bitcoin Exchange Reserves Hit New Lows: Good News for HODLers?
Altcoins

Bitcoin Exchange Reserves Hit New Lows: Good News for HODLers?

2024-10-15No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • BTC’s foreign exchange reserves have fallen to their lowest level this year.
  • Bitcoin, which left the reserves of the exchanges, stood at 2.6 million BTC.

Bitcoin [BTC] has once again breached a key resistance level, rising above $65,000, a level it has struggled to surpass for more than eight months.

This recent surge has created bullish momentum, meaning BTC is gaining strength.

A key sign of this positive outlook is the decline in Bitcoin exchange reserves, which have reached their lowest level of the year.

The reserves amounted to approximately 2.6 million BTC. This decline indicates that both short- and long-term owners are becoming less willing to sell. It has fueled expectations of further price increases.

Historically, lower foreign exchange reserves have been associated with bullish market sentiment as they indicate a reduced likelihood of short-term selling pressure.

BTCBTC

Source: CryptoQuant

Bitcoin’s accumulation trend among long-term holders has been steadily rising since 2014, and the number of addresses holding BTC for over a year is now at an all-time high.

This strong accumulation by long-term investors supports a higher price trajectory for Bitcoin.

According to data from IntoTheBlock, the number of addresses that have held BTC for more than a year increased by 0.35% over the past month.

Currently, more than 38 million addresses have held Bitcoin for over a year, while 13 million addresses have held for one to twelve months.

BTCBTC

Source: IntoTheBlock

Only 2 million addresses have held BTC for less than a month, underscoring the dominance of long-term holders.

This long-term accumulation trend is a bullish signal. This indicated that more investors are confident in Bitcoin’s future growth and are holding their positions for potential profits.

See also  Bitcoin introduces the phase of parabolic expansion after successful breaking of the Downtrend: Crypto analyst

BTC’s Apparent Demand

Another positive indicator for Bitcoin’s price is apparent demand, which measures the difference between production and changes in supply.

In the context of Bitcoin, production refers to the issuance of new BTC through mining, while inventory refers to the supply of Bitcoin that has been dormant for over a year.

When inventory reduction is greater than new production, it indicates increasing demand for Bitcoin.

Source: CryptoQuant

This increased demand, combined with limited supply, typically drives prices up.

Given recent trends, demand for Bitcoin appears to be on the rise, further supporting the case for continued price increases.

Realized price of new versus old whales

The average purchase price of new whale investors is currently around $62.2K, while more experienced whales have an average purchase price of $26.9K.

With Bitcoin now trading above these key price levels, it becomes less likely that whales will sell their holdings until the market cycle peaks.

Source: CryptoQuant


Read Bitcoin’s [BTC] Price forecast 2024-25


This consolidation of whale buying around current levels reinforces the belief that Bitcoin’s price is about to head higher.

Large investors typically hold their positions during an uptrend, adding further stability and confidence to the market.

Next: Crypto Stocks Soar by Double Digits: What Role Did Bitcoin Play?

Source link

Bitcoin Exchange Good hit Hodlers Lows News Reserves
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

2025-05-22

BNB meeting to all time becomes strong, but this crucial zone has to hold

2025-05-22

Bitcoin affects record $ 111k – This is what drives the power

2025-05-22

Bitcoin price reaches new all time above $ 111,000

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Robinhood Wallet Launches Exclusive NFT Giveaway from Notable.art

2024-02-27

Bitcoin: Could the $47,000 Price Prediction Come True Soon?

2023-12-05

Blockchain is used to store simulated alien messages from Mars

2023-05-31
Editors Picks

How to exchange Crypto within the NGRAVE Wallet via Changelly

2024-04-18

Union Labs plans Polygon-to-Cosmos Bridge with new AggLayer integration

2024-04-20

POPCAT surges past $1.0094 all-time high

2024-10-05

Bhutan cashes out 367 Bitcoins for $33 million, THIS is why

2024-11-15
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

Solana to get a big design prevention

Avalanche rises 11% to $ 25 NA FIFA reveals blockchain and Vaneck Eyes Fund

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,364.022.31%
  • ethereumEthereum(ETH)$2,668.144.04%
  • tetherTether USDt(USDT)$1.00-0.05%
  • rippleXRP(XRP)$2.431.35%
  • binancecoinBNB(BNB)$681.862.68%
  • solanaSolana(SOL)$179.294.14%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2414284.14%
  • cardanoCardano(ADA)$0.805.06%
  • tronTRON(TRX)$0.2776651.93%
  • suiSui(SUI)$3.93-1.12%
  • chainlinkChainlink(LINK)$16.834.29%
  • hyperliquidHyperliquid(HYPE)$32.1515.84%
  • avalanche-2Avalanche(AVAX)$25.108.01%
  • stellarStellar(XLM)$0.3015192.65%
  • shiba-inuShiba Inu(SHIB)$0.0000153.67%
  • bitcoin-cashBitcoin Cash(BCH)$434.906.73%
  • hedera-hashgraphHedera(HBAR)$0.2044672.80%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.62%
  • the-open-networkToncoin(TON)$3.172.40%
  • polkadotPolkadot(DOT)$4.943.75%
  • litecoinLitecoin(LTC)$99.282.69%
  • moneroMonero(XMR)$400.569.19%
  • bitget-tokenBitget Token(BGB)$5.22-0.38%
  • pepePepe(PEPE)$0.0000143.76%
  • piPi(PI)$0.81-0.37%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bittensorBittensor(TAO)$475.0310.24%
  • uniswapUniswap(UNI)$6.472.37%
  • aaveAave(AAVE)$256.901.04%
  • nearNEAR Protocol(NEAR)$3.076.71%
  • aptosAptos(APT)$5.687.90%
  • ondo-financeOndo(ONDO)$1.024.37%
  • okbOKB(OKB)$52.810.87%
  • kaspaKaspa(KAS)$0.1184024.22%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.453.99%
  • ethereum-classicEthereum Classic(ETC)$19.724.06%
  • internet-computerInternet Computer(ICP)$5.614.46%
  • render-tokenRender(RENDER)$5.209.22%
  • gatechain-tokenGateToken(GT)$21.790.35%
  • crypto-com-chainCronos(CRO)$0.1002002.44%
  • vechainVeChain(VET)$0.0304885.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2513045.97%
  • mantleMantle(MNT)$0.762.36%
  • ethenaEthena(ENA)$0.4120612.54%
  • worldcoin-wldWorldcoin(WLD)$1.4626.02%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8810.81%
  • arbitrumArbitrum(ARB)$0.4338717.38%
  • bitcoinBitcoin(BTC)$111,364.022.31%
  • ethereumEthereum(ETH)$2,668.144.04%
  • tetherTether USDt(USDT)$1.00-0.05%
  • rippleXRP(XRP)$2.431.35%
  • binancecoinBNB(BNB)$681.862.68%
  • solanaSolana(SOL)$179.294.14%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2414284.14%
  • cardanoCardano(ADA)$0.805.06%
  • tronTRON(TRX)$0.2776651.93%
  • suiSui(SUI)$3.93-1.12%
  • chainlinkChainlink(LINK)$16.834.29%
  • hyperliquidHyperliquid(HYPE)$32.1515.84%
  • avalanche-2Avalanche(AVAX)$25.108.01%
  • stellarStellar(XLM)$0.3015192.65%
  • shiba-inuShiba Inu(SHIB)$0.0000153.67%
  • bitcoin-cashBitcoin Cash(BCH)$434.906.73%
  • hedera-hashgraphHedera(HBAR)$0.2044672.80%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.62%
  • the-open-networkToncoin(TON)$3.172.40%
  • polkadotPolkadot(DOT)$4.943.75%
  • litecoinLitecoin(LTC)$99.282.69%
  • moneroMonero(XMR)$400.569.19%
  • bitget-tokenBitget Token(BGB)$5.22-0.38%
  • pepePepe(PEPE)$0.0000143.76%
  • piPi(PI)$0.81-0.37%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bittensorBittensor(TAO)$475.0310.24%
  • uniswapUniswap(UNI)$6.472.37%
  • aaveAave(AAVE)$256.901.04%
  • nearNEAR Protocol(NEAR)$3.076.71%
  • aptosAptos(APT)$5.687.90%
  • ondo-financeOndo(ONDO)$1.024.37%
  • okbOKB(OKB)$52.810.87%
  • kaspaKaspa(KAS)$0.1184024.22%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.453.99%
  • ethereum-classicEthereum Classic(ETC)$19.724.06%
  • internet-computerInternet Computer(ICP)$5.614.46%
  • render-tokenRender(RENDER)$5.209.22%
  • gatechain-tokenGateToken(GT)$21.790.35%
  • crypto-com-chainCronos(CRO)$0.1002002.44%
  • vechainVeChain(VET)$0.0304885.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2513045.97%
  • mantleMantle(MNT)$0.762.36%
  • ethenaEthena(ENA)$0.4120612.54%
  • worldcoin-wldWorldcoin(WLD)$1.4626.02%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8810.81%
  • arbitrumArbitrum(ARB)$0.4338717.38%