• 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

How Parcl and Polymarket's Prediction Markets Function.

chest

The prediction markets created by Parcl and Polymarket will feature contracts that ask clear questions tied to Parcl's housing price indexes.

user avatarArif Mukhtar

Parcl and Polymarket Introduce Real Estate Forecasting Markets.

chest

Parcl and Polymarket have partnered to create real estate prediction markets that utilize daily housing price indexes for settlement.

user avatarLuis Flores

Optimism Foundation Suggests OP Token Repurchase Strategy.

chest

The Optimism Foundation has proposed a plan to allocate 50% of Superchain revenue for regular OP token buybacks, linking the token's value to network activity.

user avatarMaria Gutierrez

Bird Offers Reference Point for XRP Holdings

chest

Bird provides a rough reference point of holding around 10,000 XRP, emphasizing that this is not a universal recommendation.

user avatarAndrew Smith

Political Memecoins Contribute to Market Volatility

chest

In 2025, political memecoins such as TRUMP and LIBRA significantly amplified market volatility, generating spikes in interest during election seasons but ultimately collapsing as the hype faded.

user avatarJacob Williams

Binance to Remove Certain Margin Trading Pairs

chest

Binance has announced the removal of specific margin trading pairs to enhance user security and maintain trading quality.

user avatarDavid Robinson

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.