Decreasing Bitcoin exchange reserves suggest bullish sentiment and potential price increase

From Investing.com

October 30, 2024 08:30 AM:

The quantity of Bitcoin available for trading is decreasing, with record low exchange reserves on major exchanges. Reduced reserves indicate bullish sentiment as investors hold onto their assets. This scarcity could drive prices higher, potentially reaching previous all-time highs. The $75,000 mark is a key resistance level to watch for. Increased demand from institutions and individuals may further boost prices as reserves hit all-time lows.

Read more at Investing.com: No Bitcoin (BTC) Left? Exchange Reserves Print New Low Amid Market Rally By U.Today