Wu Blockchain has learned that Binance Research tweeted that four on-chain BTC signals indicate the supply is tightening and selling pressure has been exhausted: Nearly 60% of BTC supply hasn’t moved for over a year, up from 27% in 2012; dormant supply peaked at 69.5% when the spot Bitcoin ETF was approved in January 2024. Although there was a 'sell-the-news' reaction afterward, it remains near historical highs, showing long-term holders’ confidence persists; SLRV is at historical lows, indicating a cold market with most short-term speculators exiting; exchange balances have dropped from 17.6% during COVID to 15.0%, with around 500,000 BTC leaving exchanges, reducing available sell-side supply to a 6-year low; BTC STH MVRV has been below 1.0 for most of the time since November 2024 but has now climbed back above 1.0, signaling short-term holders are starting to rebuild unrealized gains. https://(wublock123.com)/news/binance-research-onchain-signals-btc-supply-tightening-sell-pressure-exhausted-61222