Bitcoin Supply On Exchanges Keeps Falling, Is Price Rally Ahead?
Crypto entrepreneur Lark Davis recently shared a chart showing that the amount of Bitcoin (BTC) on Centralized Exchanges (CEXs) is dropping. Although there were a few upward fluctuations, the chart showed a consistent fall in exchanges’ Bitcoin Reserves since January 2024. Insights gathered from blockchain analytics platform CryptoQuant suggest that the plunge in exchange reserves…