$BTC Bitcoin Reserves Plunge in 2024 – Bullish Signal?

$BTC Bitcoin's exchange reserves have been on a steady decline since early 2024, as investors appear to be pulling their $BTC from exchanges.

This trend often reflects a reduction in selling pressure, as more investors move their holdings to cold storage or off-exchange wallets.

Lower reserves signal strong long-term holding sentiment, indicating confidence in Bitcoin's future price potential.

This sustained downtrend could be a powerful bullish indicator—are we on the brink of a major price breakout? The continued depletion of reserves might just be the spark needed to ignite the next rally.

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