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Bitcoin reserves on exchanges near 7-year low as hedge funds buy the dip

As of January 13, 2025, total Bitcoin reserves on exchanges have decreased to 2.35 million BTC. This is the lowest level recorded since June 2018, coinciding with a significant drop in the trading price of Bitcoin.

Institutional interest in Bitcoin is rising as hedge funds take advantage of current low prices. Analysts indicate that this increased activity from institutional players could lead to a potential supply shock if demand significantly rises.

Despite optimistic long-term predictions, Bitcoin faces resistance at 100,000 USD. Analysts forecast that Bitcoin might reach over 150,000 USD by the end of 2025 due to expected increases in global money supply.

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