The number of Bitcoin CEX deposit addresses has dropped to 132,100, the lowest since 2016
CryptoQuant analyst CryptoOnchain posted a chart on social media showing that the number of Bitcoin trading platform deposit addresses has dropped to 132,100, the lowest since 2016. This indicator represents the number of addresses sending inflow transactions to the trading platform. A lower value indicates a decrease in the number of investors selling tokens on spot trading platforms, which may suggest reduced selling pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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