On-chain data shows Bitcoin has continued to leave the exchanges’ wallets recently, a sign that the asset’s price could be bullish. Bitcoin Exchange Reserve Has Registered A Significant Decline Recently As explained by analyst Ali Martinez in a new post on X, exchanges have seen a massive amount of Bitcoin leave over the last few months. The on-chain relevance metric here is the “Exchange Reserve,” which keeps track of the total number of tokens currently sitting in the wallets of all centralized exchanges. When the value of this metric rises,…
