Bullish? Bitcoin on exchanges drops to lowest in 6 years
Amid an exceptionally bullish period for the majority of assets in the cryptocurrency sector, Bitcoin (BTC) is performing particularly well, as it has already surpassed a price mark at $52,000, and its amount on crypto ex change s suggest more gains in the future. As it happens, the amount of Bitcoin held in crypto wallets on known digital asset exchanges has dropped to its lowest level in six years, according to the recent information shared by renowned crypto trading analyst Ali Martinez in an X post published on February 14. Specifically, as per the chart patterns analyzed by the crypto expert, this amount stood at just 2.34 million BTC on February 13, dropping significantly over the last week and suggesting a “growing trend of investors moving their BTC off ex change s, potentially indicating a shift toward long-term holding.” Bitcoin on known exchanges. Source: Ali Martinez On the other hand, Martinez also earlier warned that a technical Analysis (TA) indicator that has ofte...