Since September, the exchange's BTC reserves have decreased by nearly 38,000, falling to mid-November 2018 levels
CryptoQuant data shows that as of September 16, the BTC holdings on exchanges in September have significantly decreased, reaching levels seen in mid-November 2018. Since the beginning of this month, BTC exchange reserves have dropped from about 2.62 million to 2.58 million, a decrease of nearly 38,000 within two weeks. The annual trend shows an even greater decline; since the beginning of this year, BTC exchange reserves have reduced by approximately 430,000. A lower indicator suggests that the market tends to hold for the long term rather than engage in short-term trading. This behavior can increase price volatility for BTC especially when supply is limited and demand surges.
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