Fewer Bitcoin Sellers? Exchange Depositing Addresses Plunge To 8-Year Low In Bullish Sign

Quick Summary:

As Bitcoin (BTC) continues its climb toward the psychologically important $100,000 level, an increasing number of holders appear to be holding tightly to their coins rather than depositing them on exchanges.

However, the top digital asset must still decisively overcome some key resistance levels before launching into a sustained bullish wave.

Although BTC is currently trading slightly above $97,000, it remains to be seen whether this momentum will result in a confirmed breakout or merely a temporary bullish deviation.

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Article Details

Author / Journalist: Ash Tiwari

Category: Crypto

Markets: Hungary

Topics: Bitcoin Exchange Bitcoin Digital asset BTCUSDT Cryptocurrency Bitcoin Wallet Address Ichimoku Cloud Bitcoin News On-chain analysis Btc

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 10:00:42 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 418 words

Reading Time: 3 minutes read

Sentences: 52 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28319146

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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