Bitcoin's stock on exchanges is almost at its lowest level in nearly five years The stock data of the exchange is a very good representation of investors' risk preferences. Once investors have a collective consciousness to sell, the BTC stock of the exchange is often on the rise. It can be clearly seen that when Bitcoin prices rise in both 2021 and 2024, more BTC begins to concentrate on the exchange, and investors are preparing to find the best opportunity to exit. At this time, more investors still focus on Bitcoin as a financial investment. Sell when the price is high, buy when the price is low. However, starting from July 2024, regardless of whether the price of Bitcoin rises or falls, investors are generally pushing BTC out of the exchange. This also indicates that more investors are reducing their interest in short-term selling and increasing their long-term optimism towards BTC. Even now, there has not been a significant accumulation of funds. It should be noted that those who really want to sell are mostly left on the exchange, while those who withdraw from the exchange to the chain are often not intended to be sold in the short term. It can be said that the less Bitcoin in stock on an exchange, the more confident long-term investors will be. Bitget is here, VIP! Crypto、 US shares CFD， Global Advantage One Stop Layout