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Home ยป Analysts raise doubts about the amount of Bitcoin held on exchanges
Bitcoin

Analysts raise doubts about the amount of Bitcoin held on exchanges

By adminJun. 25, 2024No Comments1 Min Read
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Analysts raise doubts about the amount of Bitcoin held on exchanges
Analysts raise doubts about the amount of Bitcoin held on exchanges
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The collective Bitcoin holdings of cryptocurrency exchanges are currently at their lowest point in several years, a trend typically interpreted as evidence of growing demand. However, not everyone is fully convinced. Hyland, in particular, finds the link between changes in supply and the performance of Bitcoin’s price to be lacking. In addition to sharing a chart that compares the availability of Bitcoin on exchanges to its value in USD, the prominent figure made the following remarks: Access NEWSLINKER for the most recent technology updates.

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