All articles tagged with #exchange balances
Bitcoin reached a new peak above $125,700 as exchange balances hit a six-year low, with over $14 billion leaving centralized platforms in two weeks, indicating strong long-term holding sentiment and potential for further price increases.
Bitcoin and Ethereum exchange balances have hit record lows, indicating a potential supply squeeze and significant price movements if key resistance levels are broken. Bitcoin is trading near $70,000, while Ethereum remains stable above $3,800. Despite reduced exchange availability, overall market supply remains high, suggesting potential price corrections if demand wanes. Technical analysis points to possible upward trends for both cryptocurrencies if they surpass critical price thresholds.