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Has the daily accumulation of BTC in exchanges decreased in the past six months?
Although the price of BTC has once again reached a new high today, there is still not much to say about today's performance, with dog-like low liquidity and dog-like low trading volume. Many tweets have been posted to explain that the current stable rise in Bitcoin prices is not due to excessive buying power, but rather because there is too little selling pressure, as most investors have treated BTC as a long-term holding asset.
From the net flow data of BTC on the exchange over the past year, it can be seen that the amount of BTC that can be accumulated on the exchange has been decreasing over the past six months, with more withdrawal power being released. Of course, there has also been a downward trend in the past week, but due to the lack of investors preparing to sell, the price stability is still relatively high.
This is also why it is difficult for investors to release their holdings unless it is a systemic risk.
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