Bitcoin pushes $20,000 as BTC supply on exchanges lowest since Nov 2018

According to crypto analytics platform Santiment, Bitcoin continues to see its supply rapidly move away from exchanges. This basically indicates that traders are showing more signs of being “satisfied with their current holdings”.

As a result of this trend, less than 9% of BTC is now live on exchanges for the first time since 2018. Hinting at a new wave of traders’ confidence heading into Q4 is the fact that investors moved 34,723 BTC out of centralized exchanges on September 30th alone.