Blockcrypto News on March 14 reported that on-chain analytics platform Santiment posted on X platform stating that according to trackable wallet data, the proportion of Bitcoin currently stored on exchanges has dropped to its lowest level since November 2017. Over the past more than eight years, both the crypto market and global macro environment have undergone tremendous changes, while the proportion of Bitcoin reserves on exchanges has continued to decline, which is typically viewed by the market as one of the signals indicating strengthened long-term holding tendencies and reduced selling pressure from circulating supply.

BTC-1.75%

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