{"id":476229,"date":"2021-11-12T20:30:56","date_gmt":"2021-11-12T20:30:56","guid":{"rendered":"https:\/\/ktsl888.com\/?p=476229"},"modified":"2024-06-11T07:46:30","modified_gmt":"2024-06-11T07:46:30","slug":"plummeting-bitcoin-exchange-reserves-show-investors-are-not-ready-to-sell","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/plummeting-bitcoin-exchange-reserves-show-investors-are-not-ready-to-sell\/","title":{"rendered":"Plummeting Bitcoin Exchange Reserves Show Investors Are Not Ready To Sell"},"content":{"rendered":"

Bitcoin exchange reserves are a good way to gauge investor sentiment in the market. It can show when investors are ready to sell, meaning that they believe the asset has hit an overvalued point. Likewise, it can show when investors are holding on to their bags and expecting the price of the digital asset to rally. The latter has been the norm going on four months now.<\/p>\n

Since August, bitcoin exchange reserves have been plummeting with no signs of stopping. This has shown investor sentiment to be in the positive regarding the future of the asset, hence they are less willing to let go of their holdings in the market. With November and the price of BTC surging, it has not really changed the course of action as exchange reserves head towards an all-time low.<\/p>\n

Related Reading |\u00a0Institutional Bitcoin Open Interest Plummets, But Why?<\/a><\/strong><\/em><\/p>\n

Bitcoin Exchange Reserves<\/h2>\n

A recent report from Glassnode<\/a> has shown that supply on centralized exchanges has continued to plummet in the fourth quarter of 2021. Daily withdrawals are on the rise as investors pull out their holdings on exchanges for safekeeping in private and cold storage. The report showed that daily withdrawals had hit as high as 5K BTC, an accelerated figure from the previous week.<\/p>\n

This points to the market being in the \u201csmart money accumulation\u201d phase. In this phase, investors are buying up as many assets as possible and then consolidating their holdings in wait for better prices. Instead of dumping all assets in wait for the bear market, BTC being sold by investors are only so they could take strategic profits.<\/p>\n

\"Bitcoin<\/p>\n

BTC falls to $63k | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Demand is up despite the price of BTC hitting new all-time highs. Coins leaving exchanges at an alarming rate is leading to a supply squeeze that will most likely see the value of the digital asset go up.<\/p>\n
One thing to keep in mind though is that the market is nearing the end of this phase. Once it passes, it is expected that the price of BTC will record some downside, although not enough to keep the market down for too long.<\/p>\n
Diamond Hands Are Dominating<\/h2>\n
Declining bitcoin exchange reserves point to hold sentiments being the order of the day. BTC investors are putting off selling their assets in wait for better market conditions, going against previous trends in bear markets. Expectations that investors would sell-off holdings at new all-time highs have been moot as outflows from exchanges have continued even after BTC hit a new ATH of $69K.<\/p>\n
Related Reading |\u00a0Bitcoin Whale Wallet With $150 Million Activated After 8 Years<\/a><\/strong><\/em><\/p>\n
New bitcoin wallets balances are also climbing at a rapid pace. Glassnode noted that the volumes of BTC being sent to newly established wallets have climbed, with 516,914 recorded transactions involving these newly established wallets. A 72% increase in a three-month period.<\/p>\n
Market sentiment remains deep in the greed territory, signaling buy pressures in the markets. This is expected to continue at least until December. By then, it is speculated by market analysts that the price of the digital asset would hit a high of $100,000.<\/p>\n
Featured image from Bitcoin News, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin exchange reserves are a good way to gauge investor sentiment in the market. It can show when investors are ready to sell, meaning that they believe the asset has hit an overvalued point. Likewise, it can show when investors are holding on to their bags and expecting the price of the digital asset to rally. The latter has been the norm going on four months now. Since August, bitcoin exchange reserves have been plummeting with no signs of stopping. This has shown investor sentiment to be in the positive regarding the future of the asset, hence they are less willing to let go of their holdings in the market. With November and the price of BTC surging, it has not really changed the course of action as exchange reserves head towards an all-time low. Related Reading |\u00a0Institutional Bitcoin Open Interest Plummets, But Why? Bitcoin Exchange Reserves A recent report from Glassnode has shown that supply on centralized exchanges has continued to plummet in the fourth quarter of 2021. Daily withdrawals are on the rise as investors pull out their holdings on exchanges for safekeeping in private and cold storage. The report showed that daily withdrawals had hit as high as 5K BTC, an accelerated figure from the previous week. This points to the market being in the \u201csmart money accumulation\u201d phase. In this phase, investors are buying up as many assets as possible and then consolidating their holdings in wait for better prices. Instead of dumping all assets in wait for the bear market, BTC being sold by investors are only so they could take strategic profits. BTC falls to $63k | Source: BTCUSD on TradingView.com Demand is up despite the price of BTC hitting new all-time highs. Coins leaving exchanges at an alarming rate is leading to a supply squeeze that will most likely see the value of the digital asset go up. One thing to keep in mind though is that the market is nearing the end of this phase. Once it passes, it is expected that the price of BTC will record some downside, although not enough to keep the market down for too long. Diamond Hands Are Dominating Declining bitcoin exchange reserves point to hold sentiments being the order of the day. BTC investors are putting off selling their assets in wait for better market conditions, going against previous trends in bear markets. Expectations that investors would sell-off holdings at new all-time highs have been moot as outflows from exchanges have continued even after BTC hit a new ATH of $69K. Related Reading |\u00a0Bitcoin Whale Wallet With $150 Million Activated After 8 Years New bitcoin wallets balances are also climbing at a rapid pace. Glassnode noted that the volumes of BTC being sent to newly established wallets have climbed, with 516,914 recorded transactions involving these newly established wallets. A 72% increase in a three-month period. Market sentiment remains deep in the greed territory, signaling buy pressures in the markets. This is expected to continue at least until December. By then, it is speculated by market analysts that the price of the digital asset would hit a high of $100,000. Featured image from Bitcoin News, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":476234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,84077,1119,1144,83880],"class_list":["post-476229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-exchange-reserves","tag-btc","tag-btcusd","tag-exchange-reserves"],"acf":[],"yoast_head":"\nPlummeting Bitcoin Exchange Reserves Show Investors Are Not Ready To Sell<\/title>\n<meta name=\"description\" content=\"Bitcoin exchange reserves are a good way to gauge investor sentiment in the market. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/ktsl888.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Plummeting Bitcoin Exchange Reserves Show Investors Are Not Ready To Sell","url":"http:\/\/ktsl888.com\/news\/plummeting-bitcoin-exchange-reserves-show-investors-are-not-ready-to-sell\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/plummeting-bitcoin-exchange-reserves-show-investors-are-not-ready-to-sell\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/btc-3.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/btc-3.jpeg?fit=1280%2C720"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin exchange reserves","btc","btcusd","exchange reserves"],"dateCreated":"2021-11-12T20:30:56Z","datePublished":"2021-11-12T20:30:56Z","dateModified":"2024-06-11T07:46:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Plummeting Bitcoin Exchange Reserves Show Investors Are Not Ready To Sell\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/plummeting-bitcoin-exchange-reserves-show-investors-are-not-ready-to-sell\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/plummeting-bitcoin-exchange-reserves-show-investors-are-not-ready-to-sell\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/btc-3.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/btc-3.jpeg?fit=1280%2C720\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin exchange reserves\",\"btc\",\"btcusd\",\"exchange reserves\"],\"dateCreated\":\"2021-11-12T20:30:56Z\",\"datePublished\":\"2021-11-12T20:30:56Z\",\"dateModified\":\"2024-06-11T07:46:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2021\/11\/btc-3.jpeg?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/476229"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=476229"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/476229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/476234"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=476229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=476229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=476229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}