• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Exchange Reserves Hit 2018 Levels Again: Market Implications

user avatar

by Giorgi Kostiuk

a year ago

  1. Bitcoin Reserves Drop on Exchanges
  2. Correlation Between Bitcoin Reserves and Price
  3. Analyst Predictions


    4. According to CryptoQuant data, the amount of Bitcoin held on exchanges has dropped to levels last seen in November 2018. This decrease may impact market volatility and indicate a shift in investor strategies.

    Bitcoin Reserves Drop on Exchanges

    A report from CryptoQuant indicates that the total balance of Bitcoin in exchange wallets currently stands at 2.68 million BTC. This is presumably due to investors moving their holdings to more secure storage locations, such as cold wallets. Such a move might indicate a prioritization of security over liquidity within the community.

    Bitcoin Reserves on Exchanges at 2018 levels.MartyParty (@martypartymusic)

    Correlation Between Bitcoin Reserves and Price

    Historical data shows an inverse correlation between the Bitcoin balance on exchanges and its price. In 2022, as reserves declined, the price per Bitcoin surged, indicating a relationship between low supply on trading platforms and price increases. Analysts forecast that a tight supply may push prices up if demand remains constant or increases.

    Analyst Predictions

    Various market analysts have provided opinions on the future direction of Bitcoin's price. For example, Miles Deutscher notes that the current Bitcoin price movements resemble events from 2023, possibly indicating a significant bull run at the end of 2024 or early 2025.

    The current BTC price action is ridiculously similar to summer 2023. If it's any indicator of what's next, expect a few more weeks of apathy, a final scare, and then massive expansion to the upside in Q4/Q1.Miles Deutscher (@milesdeutscher)

    Current market conditions suggest a balance between opportunities and risks. The decrease in Bitcoin exchange reserves indicates potential future market volatility. The varied analyses emphasize the speculative nature of crypto markets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ita Asset Management Recommends Clients to Consider Investing in Bitcoin.

chest

Ita Asset Management has recommended that clients hold 1 to 3% of their portfolios in Bitcoin for the upcoming year, citing geopolitical tensions and currency risks as reasons for this investment strategy.

user avatarLucas Weissmann

MyPrize Enhances User Experience with On-Chain Prize Redemptions

chest

MyPrize has introduced on-chain prize redemptions using USDC, significantly enhancing the user experience on its platform.

user avatarFilippo Romano

Trust Wallet Introduces Gas Sponsorship Option for Token Exchanges.

chest

Trust Wallet has launched a gas sponsorship feature that allows users to complete token swaps on Ethereum, BNB Chain, and Solana without needing ETH for gas fees.

user avatarLeo van der Veen

StableChain Launched to Enhance Stablecoin Transactions.

chest

StableChain has been launched as a USDT-native Layer 1 blockchain designed to improve the efficiency of stablecoin transactions.

user avatarEmily Carter

How to Claim Your STABLE Tokens from the Airdrop.

chest

Eligible users can claim STABLE tokens through a step-by-step process using the Merkl distribution system from December 8, 2025, to March 2, 2026.

user avatarTomas Novak

AllScale Launches Groundbreaking Self-Custody Wallet Solution for Stablecoin Transactions.

chest

AllScale has launched a self-custody wallet system that simplifies stablecoin transactions for users.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.