Techub News reports that on-chain analytics platform Santiment posted on X platform stating that according to trackable wallet data, the proportion of Bitcoin currently held on exchanges has dropped to its lowest level since November 2017. Over the past eight years, both the crypto market and the global macroeconomic environment have undergone tremendous changes, while the proportion of Bitcoin reserves on exchanges continues to decline, which is typically viewed by the market as one of the signals indicating strengthened long-term holding intentions and reduced selling pressure in circulation.

BTC-1,11%

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