Bitcoin’s supply on crypto exchanges fell to its lowest since May 2019.
Investors are withdrawing the leading cryptocurrency from the accounts of cryptocurrency exchanges, as evidenced by data from Santiment. As a result, the number of BTC on clients’ wallets has fallen to its lowest level since May 2019.
Santiment’s information shows Bitcoin accumulation, which is positive and signals a low probability of a sell-off of the asset.
The accumulation comes despite the recent 20% drop in the price of the first cryptocurrency. Over the last week, Bitcoin has been showing horizontal movement with a slight decline. As of 9 a.m. (GMT+2) on December 15, the asset is trading around $48,000, up 2,75% in the last 24 hours, according to CoinMarketCap.