Bitcoin On-Chain Signals Show Supply Tightening as Sell Pressure Fades, Binance Research Reports

TLDR: Nearly 60% of Bitcoin supply has not moved in over a year, reflecting strong long-term holder conviction. Exchange-held BTC has fallen to a six-year low as roughly 500,000 coins have permanently left exchanges. The SLRV ratio sits deep in its historical bottom zone, signaling market apathy and low speculation. BTC STH MVRV has reclaimed [...]

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