Bitcoin holding in cryptocurrency exchange wallets drops to a 20-month low!

[Whited35 15285]

BTC amount in the different exchange wallets has fallen to its lowest total since November 2018.Only 14.2% of the total circulating BTC supply i.e.2.62 million BTCs are in the exchange wallet addresses. 

Clearly, it indicates a huge amount of BTC is held in personal wallets of BTC holders.So many reports suggest overall BTC trading interest on different exchange sites is in a downtrend. In recent months, we have been noticing the decreasing trading volume of BTC on major cryptocurrency exchange sites. 
It is looking like, Bitcoin holders are not facing the selling pressures and patiently waiting for the best moment to sell their BTC holdings. What do you think can it be the perfect sign of the coming bullish trend of Bitcoin?  
 

[duncun007 3577]

I read that even through the covid pandemic a lot of whales didnt even move their bitcoin to exchanges to sell, they held their crypto even when we went from 20k to 3k, these are the ones with hands of steel indeed.

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1 minute ago, duncun007 said:

I read that even through the covid pandemic a lot of whales didnt even move their bitcoin to exchanges to sell, they held their crypto even when we went from 20k to 3k, these are the ones with hands of steel indeed.

@duncun007 True that. We can clearly see, Bitcoin's huge portion of circulating supply is distributed to wallet addresses(other than exchange wallets). More the BTC holders outside the crypto exchange wallet, more will be the demands of tradeable Bitcoins in the crypto markets.

[Raqeebzy 6456]

The plan is clear. Instead of trading, larger percentage especially the whales and big fishes prefers holding safely in an offline wallet in preparation for the inevitable bull run, people don't want to trust exchanges and learned from previous experiences. Good move. Whales alert has been reporting such movements lately, moving big out of exchanges to wallets.

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2 hours ago, BTC Future said:

The number seems to have dropped a lot (300K BTC) and this is clearly a bullish indicator, but still there are more than 2 million Bitcoins left in exchanges.

Surprisingly, BTC holdings on the exchange sites are decreasing.Holders are certainly getting fears of loosing BTC due to major exchange hacks. If the huge amount of BTC just stays unused in the personal wallet addresses, available BTC in the exchange wallets have to fulfill the majority of demands in the markets which will definitely inspire the bullish sentiments. Some reports suggest, 89% Bitcoin holders are in profit now. 

[Moaz 7239]

Despite the high price of bitcoin in the recent period, but some crypto whales still prefer to keep the bitcoin and not sell in this period, this indicates that they expect bitcoin to rise dramatically in the coming months and perhaps by the end of 2020 Bitcoin may exceed the $ 20,000 barrier.

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9 hours ago, Moaz said:

this indicates that they expect bitcoin to rise dramatically in the coming months and perhaps by the end of 2020 Bitcoin may exceed the $ 20,000 barrier.

Nicely said 😊 ! Some good signs here for Bitcoin to give another spike soon. Most of the Bitcoin holders are not looking like to have selling pressure. I think you might love to check these two topics about BTC in 2020.

• https://cryptotalk.org/topic/110283-bitcoin-what-next-for-2020/
• https://cryptotalk.org/topic/109987-2020-is-the-year-of-bitcoin-to-start-the-bullish-trend/

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9 hours ago, Moneyguru said:

so they dont put it at exchanges, and when they dont put it in exchanges, it means that they not easy to sell their BTC, they need to send it to exchanges again to sell it.

Here are some really important factors to cause bullish sentiment for most of the traders. More BTC holders hold their BTC amounts in personal wallet, more will be demands on the exchange platforms. So it absolutely the good sign for coming bullish trend. 

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7 hours ago, ndadukun12 said:

Experts always advice this to beginners, so they always want to hold their coins in their personal wallet where they will have control over their private keys.

Having full control over your private key in your non-custodial cryptocurrency wallets means, you have control over your funds inside wallet. But in the case of hot wallets on the exchange sites, your private key will be stored to their separate servers so it is advised, not to store funds on the exchange site for a long time. 

[magd 5231]

In the period in which this topic was shared, the price was still fluctuating, but since the date of September 4, I noticed a sharp and sudden decline, and here it is possible to confirm the results of this participation, which has just begun to become clear.

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1 hour ago, magd said:

In the period in which this topic was shared, the price was still fluctuating, but since the date of September 4, I noticed a sharp and sudden decline, and here it is possible to confirm the results of this participation, which has just begun to become clear.

Really, price raise or fall is normal but it is really a good sign that BTC investors are holding the amounts in their personal wallets instead of keeping them on the exchange's wallet. Also,recently BTC realized price was  noted all time high which means BTC circulating supply is finding its way to smaller investors.

[Rosarvx 965]

Bitcoin holdings on the exchange sites are decreasing,  this indicates that they expect bitcoin to rise dramatically

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12 minutes ago, Rosarvx said:

Bitcoin holdings on the exchange sites are decreasing,  this indicates that they expect bitcoin to rise dramatically

Yes, it is already told in my topic. If there is the less Bitcoin spread on the different exchange sites, they have to maintain demands from the available BTC  so it may give a spike in price of Bitcoin in the cryptocurrency markets. 

[JanBomCrypto 494]

If talking about dropping of Crypto volume on exchanges, then you are talking about custodial exchanges, because there has been increase in decentralized exchanges volumes, maybe people are moving away from centralized exchanges to decentralize exchanges. 

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7 hours ago, saraanna396 said:

During the pandemic, the price of bitcoin decreased dramatically, so a lot of whales and even smaller traders bought large quantities of bitcoin, then the price started to go crazy until it exceeded 15k USD during the end of this year,

I also grabbed some Bitcoin when price dropped under 5K. Some people were thinking like BTC's end due to sequential price drop but it was Bitcoin, does not die so easily just due to price drop. Now it is good sign that investors are holding BTC in their own wallets instead of the exchange wallet.