Compartir este artículo
BTC
$84,547.95
+
0.01%ETH
$1,586.41
-
0.40%USDT
$0.9996
-
0.01%XRP
$2.0781
-
1.36%BNB
$589.43
+
0.58%SOL
$133.80
+
0.52%USDC
$0.9997
-
0.02%TRX
$0.2449
-
1.24%DOGE
$0.1553
-
0.77%ADA
$0.6146
-
0.66%LEO
$9.1425
-
3.35%LINK
$12.66
+
1.71%AVAX
$19.06
-
0.94%XLM
$0.2439
+
2.79%TON
$2.9924
+
1.47%SHIB
$0.0₄1200
+
0.94%HBAR
$0.1652
+
3.71%SUI
$2.1216
+
0.85%BCH
$331.74
-
0.52%LTC
$75.57
+
0.52%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Bitcoin Holding Sentiment Strongest in Nearly Two Years
The amount of bitcoin held on crypto exchanges is down to a 21-month low, a sign investors are feeling bullish.

Bitcoin exchange reserves have fallen to a 21-month low, a possible sign investors are feeling bullish about the shape of the market.
No te pierdas otra historia.Suscríbete al boletín de Crypto for Advisors hoy. Ver Todos Los Boletines
- Glassnode data shows the number of bitcoins held in exchange addresses fell by 0.83% to 2,610,278 BTC on Monday, the lowest level since Nov. 24, 2018.
- Investors tend to move digital assets from their wallets and onto exchanges when they lose confidence in the current price movement so they can easily sell them.
- In the days leading up to the Black Thursday sell-off, when bitcoin crashed by 40%, exchange balances surged by 2% to a high of 2,947,555 BTC.
- But bitcoin has since surged to a 13-month high of $12,400 on Monday and is currently up 200% from the $3,867 low it fell to five months ago.
- As such, exchange balances are down 1.4% over the past week, and nearly 3% in the last month. Balances were down more than 11% from the March 13 high at press time.

- The price rises come despite bitcoin looking increasingly overbought on the weekly chart relative strength index (RSI) – an indicator that helps traders recognize the signs of overbought and oversold markets.

- eToro analyst Simon Peters told CoinDesk: “Lower BTC spot exchange balance indicates a current holding mentality among investors, I see this as being pretty bullish."
See also: First Mover: As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever
Omkar Godbole
Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
