Bitcoin (BTC) Supply on Crypto Exchanges Drops to Three-Year Lows, According to Analytics Firm - BitcoinEthereumNews.com
Bitcoin क्रिप्टोBitcoin (BTC) Supply on Crypto Exchanges Drops to Three-Year Lows, According to Analytics Firm03 / 20 / 2022बिटकॉइन एथेरियम समाचार Blockchain analytics firm Santiment is pointing out some on-chain metrics developing behind the scenes for Bitcoin as BTC rallies above $42,000. The intelligence firm says that the overall supply of Bitcoin on crypto exchanges has slipped down to its lowest level in over three years. “Bitcoins ratio of supply sitting on exchanges continues dropping hard, down to its lowest level since December 2018. There is 13.5% less BTC on these exchange wallets compared to just two months ago, amounting to 1.6% less of the overall supply.” स्रोत: Santiment / ट्विटर Santiment also says that the recent price spike in BTC was triggered by a cascade of short sellers being liquidated as the value of Bitcoin moved higher, triggering a short squeeze. A short squeeze happens when traders who bet on BTCs price to fall are forced to buy Bitcoin as the price moves against their bias. “Bitcoin‘s rise to $42,300 today was propelled thanks to plenty of short liquidations. Funding rates continue to be a great source for indicating how traders place their bets and peeking in to see if they’re putting their money where their