Seller shortage? Bitcoin exchange reserves plunge as BitMEX bleeds BTC By Cointelegraph


Seller shortage? Bitcoin exchange reserves plunge as BitMEX bleeds BTC

(BTC) exchange reserves are continuously plummeting as analysts pinpoint the trend to a shortage of sellers. Since the March crash, the reserves on exchanges rapidly fell from 2,950,000 BTC to 2,700,000 BTC.

Within merely seven months, a 250,000 BTC fall in exchange reserves signifies a $2.85 billion decline. Behind the steep trend could be two major factors: a decline in sellers and lower trust toward exchanges.

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