December sees investors pulling Bitcoin off exchanges Andjela Radmilac · 3 hours ago · 2 min read
December data suggests growing investor preference for holding Bitcoin off-exchange.
2 min read
Updated: December 25, 2023 at 3:36 pm
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Exchange balance data reflects investor behavior and is a crucial metric in cryptocurrency trading. It indicates whether investors are more inclined to store their Bitcoin holdings off-exchange, which can signal a bullish sentiment, or to keep them on exchanges for potential sale or trade, often seen as a bearish indicator.
