Bitcoin reserves on centralized exchanges have reached their lowest level in years, falling to 2.6 million BTC. This process indicates a significant increase in demand for long-term storage of the cryptocurrency and a decrease in its availability in the markets. The main reasons are mass withdrawals from exchanges, including Mt.Gox, and active purchases by large investors. A decrease in supply with increased demand may mean an upcoming increase in price, forming optimistic expectations among market participants.
Many analysts point out that such a significant reduction in Bitcoin reserves, especially against the backdrop of new global economic challenges, creates pressure on the market that could lead to a new round of growth in the cryptocurrency price.
