Bitcoin Price Nears $114,000 as Exchange Supply Declines, Indicating Possible Long-Term Holder Confidence
2025-07-10 19:58:56
Main Idea
Bitcoin's price surge to $113,923 is linked to a significant decline in exchange-held supply, as long-term holders increasingly opt for self-custody, reducing sell-off risks and supporting price stability.
Key Points
1. Bitcoin's price reached an all-time high of $113,923, driven by a 21% decrease (315,830 BTC) in exchange-held supply over four months.
2. Long-term holders are moving Bitcoin to self-custody solutions, reflecting a shift toward asset preservation and reduced reliance on exchanges.
3. Exchange-held Bitcoin has declined by 61% (1.88 million BTC) since July 2020, limiting immediate sell-off risks and supporting bullish trends.
4. The reduced availability of Bitcoin on exchanges contributes to upward price momentum and lower volatility.
5. Market dynamics indicate a patient investor base prioritizing long-term holding over short-term profit-taking.
Description
Bitcoin has surged to a record high of $113,923, driven by a significant withdrawal of 315,830 BTC from exchanges over the past four months, signaling strong long-term investor confidence. This
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