No Bitcoin (BTC) Left? Exchange Reserves Print New Low Amid Market Rally

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Bitcoin reserves on exchanges melting away as buying pressure surges drastically in last few weeks

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Any increased buying pressure from institutions or individual investors could raise the price of Bitcoin in a market with limited supply, especially since reserves are reaching all-time lows. In conclusion, a supply squeeze is likely to occur due to Bitcoin's declining exchange reserves and strong demand, which could force the cryptocurrency to test past highs and establish new ones.

 

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