Bitcoin Exchange Reserves Hit Seven-Year Low, Institutional Adoption Soars: Fidelity ⋆ ZyCrypto
The post Bitcoin Exchange Reserves Hit Seven-Year Low, Institutional Adoption Soars: Fidelity ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     Digital asset holders are moving funds off centralized exchanges as the long-term price estimate spikes. Bitcoin (BTC) has experienced a significant upward trend over the last decade and is expected to continue rising due to heightened demand. These positive signals, alongside on-chain data, have fueled a new exodus from centralized exchanges. Public-Company Accumulations Behind Massive Outflows Crypto custodian Fidelity Digital Assets released a new report on centralized exchange Bitcoin reserves. The total supply on exchanges has dropped to a seven-year low, signaling potential long-term growth. Recent outflows to other custodians are at their lowest point since 2018. Traditionally, these outflows indicate bullish pressure on the market, as holders are less likely to sell in the short term. Currently, Bitcoin exchange reserves stand at 2.6 million assets after fresh outflows were recorded this week. While exits increased over the last seven years, movements from Q4 2024 are key to the current trader’s leaning due to U.S. macro trends. According to the report, over 425,000 BTC have been transferred since November 2024. The effects of President Trump’s win in the November polls affirmed upward projections due to his positive pledge to the sector. Several crypto executives and investors backed a return to the White House by Trump to usher in clear regulation, a shift from the Biden administration. It was argued that Trump’s return would reignite innovation in digital assets in the country. After the elections, publicly listed companies have amassed over 350,000 BTC, which has helped support a price rally. Meanwhile, public companies have been scooping up approximately 30,000 BTC each month this year. “We have seen bitcoin supply on exchanges dropping due to public company purchases—something we anticipate accelerating in the near future,” Fidelity wrote. Advertisement   Simultaneously, altcoin reserves also declined due to the effects of…
The post Bitcoin Exchange Reserves Hit Seven-Year Low, Institutional Adoption Soars: Fidelity ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement Digital asset holders are moving funds off centralized exchanges as the long-term price estimate spikes. Bitcoin (BTC) has experienced a significant upward trend over the last decade and is expected to continue rising due to heightened demand. These positive signals, alongside on-chain data, have fueled a new exodus from centralized exchanges. Public-Company Accumulations Behind Massive Outflows Crypto custodian Fidelity Digital Assets released a new report on centralized exchange Bitcoin reserves. The total supply on exchanges has dropped to a seven-year low, signaling potential long-term growth. Recent outflows to other custodians are at their lowest point since 2018. Traditionally, these outflows indicate bullish pressure on the market, as holders are less likely to sell in the short term. Currently, Bitcoin exchange reserves stand at 2.6 million assets after fresh outflows were recorded this week. While exits increased over the last seven years, movements from Q4 2024 are key to the current trader’s leaning due to U.S. macro trends. According to the report, over 425,000 BTC have been transferred since November 2024. The effects of President Trump’s win in the November polls affirmed upward projections due to his positive pledge to the sector. Several crypto executives and investors backed a return to the White House by Trump to usher in clear regulation, a shift from the Biden administration. It was argued that Trump’s return would reignite innovation in digital assets in the country. After the elections, publicly listed companies have amassed over 350,000 BTC, which has helped support a price rally. Meanwhile, public companies have been scooping up approximately 30,000 BTC each month this year. “We have seen bitcoin supply on exchanges dropping due to public company purchases—something we anticipate accelerating in the near future,” Fidelity wrote. Advertisement Simultaneously, altcoin reserves also declined due to the effects of…
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