The amount of Bitcoin held on crypto exchanges has dropped significantly, now sitting at just 14.5%—a level not seen since August 2018, according to recent data from Glassnode. This shrinking exchange supply could signal a brewing price jump, as fewer coins available for trading often result in heightened demand pressure.
Centralized exchanges like Coinbase Global Inc. (NASDAQ: COIN) will be watching supplies of the BTC available for active trading and tweaking their projections accordingly over the coming…
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