The amount of bitcoin that was held on the central stock exchanges decreased to the lowest level in six years, with assets rising to the highest new level ever.

Bitcoin has reached the highest new level ever on Sunday morning, as it returned to a little more than $ 12,700 on Coinbase, according to TradingView.

Its peak reached $ 124,500 on Coinbase on August 14. It declined by 13.5 % by September 1, but it has recovered strongly over the past week with the start of “Uptober”.

“Bitcoin reaches the highest new level ever … and most people still do not even know what bitcoin is,” commented Nate Girassy, ​​President of Nova Dios.

“If Bitcoin is able to break 126,500 dollars convincingly, the opportunities will be much higher and quickly.”

The exchange balances declined to the lowest level in six years

The total bitcoin balance on the central exchanges fell to the lowest level in six years at 2.83 million BTC on Saturday, according to Glassnode.

The last time there were fewer metal currencies stored in the stock exchanges in early June 2019, when the original was trading about $ 8,000 in the depths of the bear market.

Cryptoquant has a Blockchain analysis platform on a total reserve number of 2.45 million BTC exchanges, which puts it at the lowest level in seven years.

Both platforms show that the BTC exchange balance has decreased sharply over the past two weeks. More than 114,000 BTC worth more than $ 14 billion has left the exchanges in the past two weeks, according to Glassnode.

When Bitcoin moves on central exchanges to a need for self -friction, institutional funds, or digital assets, it indicates that their owners are planning to keep their currencies in the long run instead of selling them. Bitcoin, who sits on the stock exchanges, is a “available supply” that can be filtered and hit the market at any moment.

Dry exchanges

“Hearing exchanges outside Bitcoin.”

He said before adding: “Monday 9:30 am it may be the first official deficiency,” adding, “not only financial advice … only: it may be logical to get some.”

Investor and merchant Mike Alfred said on Sunday morning that “I just got rid of a 20 -minute call with the man who runs the most important OTC office,” said investor and merchant Mike Alfred on Sunday morning.

“At the current pace, they will be completely out of bitcoin for sale within two hours of futures tomorrow, unless the price is reaching $ 126,000 to $ 129,000. Things are going.”

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