Number of Bitcoins on exchanges

The number of Bitcoins on exchanges has dropped to about 2.58 million, the lowest level since November 2018.

Investor trend

This trend shows that investors tend to hold Bitcoins for the long term rather than active trading.

Market pressure

Limited Bitcoin supply creates pressure for buyers; if demand remains stable or increases, the price of Bitcoin may continue to rise.

Faith in Bitcoin

This development reflects a stronger belief of investors in Bitcoin as a store of value.