Bitcoin Supply Squeeze Unwinds as 28,000 BTC Return to Exchanges
Bitcoin exchange balances have recovered 84% of a six-week decline, weakening claims that ETF demand is creating an immediate shortage. Santiment data shows the reversal unfolded in less than three weeks. Bitcoin Exchange Supply Reverses Bitcoin’s exchange supply reached its highest level since June 15, Santiment Intelligence shared on Aug. 17, challenging claims that spot […]
Key Takeaways
- Bitcoin exchange balances have recovered 84% of a six-week decline, weakening claims that ETF demand is creating an immediate shortage.
- Santiment data shows the reversal unfolded in less than three weeks.
- Bitcoin Exchange Supply Reverses Bitcoin’s exchange supply reached its highest level since June 15, Santiment Intelligence shared on Aug.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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