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CEXBTC reserve hits a new historical low, currently at around 2.68 million coins
On October 17th, according to Cointelegraph's chart data, the amount of BTC reserves held by cryptocurrency trading platforms is now about 2.68 million, hitting a historic low. BlockBeats note: The reserve amount of trading platforms refers to the amount of BTC stored in major CEX wallets, and this indicator is usually used to measure liquidity and market supply and demand dynamics. A higher reserve amount of BTC on trading platforms usually means better market liquidity, making it easier for traders to buy and sell BTC. Monitoring the changes in the reserve amount of BTC on trading platforms can help analyze market sentiment. For example, a decrease in reserve amount may indicate users are withdrawing BTC, possibly due to bullish sentiment; while an increase in reserve amount may indicate users are depositing BTC into exchanges for easier trading, possibly indicating bearish sentiment.