Techub News reported that Santiment, an on-chain analysis platform, posted on X platform stating that according to trackable wallet data, the proportion of Bitcoin stored on exchanges has dropped to the lowest level since November 2017. Over the past more than eight years, both the crypto market and global macro environment have undergone tremendous changes, while the proportion of Bitcoin reserves on exchanges has continued to decline, which is typically viewed by the market as one of the signals indicating strengthened long-term holding tendencies and reduced selling pressure from circulating supply.

BTC-0.55%
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