Crypto VIP Signal

23 May 2023 16:28

When assessing the macro trend for #Bitcoin  Balance on Exchanges, we note an exponential growth in BTC held on Exchanges following their inception in 2011, to the 2020 Covid Crisis, recording a peak of 3.2M BTC.

Retrospectively, the Covid Crisis appeared to be a catalyst for an inflection in participant interaction with exchanges, marking the inauguration of a macro decline in Exchange Balances. Currently, the Balance on Exchanges resides at 2.3M BTC, a 28% decline from its peak.