As reported by COINOTAG News on November 19, Bitcoin has experienced a pronounced decline in available **supply** on cryptocurrency exchanges, marking its lowest level since November 2018. This development signals a robust trend where **investors** are opting to hold Bitcoin long-term, rather than engaging in active trading. Data sourced from **CryptoQuant** reveals that the current Bitcoin inventory on exchanges has plummeted to approximately 2.58 million BTC, significantly lower than the highs observed during the bull market of 2021. This contraction in available Bitcoin creates a notable **supply squeeze**, compelling buyers to navigate a reduced marketplace. Should demand persist or escalate, Bitcoin’s potential for upward momentum remains strong. Additionally, this trend highlights a growing trust among investors in Bitcoin as a reliable **store of value**, particularly amidst the backdrop of volatile global economic policies and persistent inflationary pressures.
Source: https://en.coinotag.com/breakingnews/bitcoin-supply-on-exchanges-hits-lowest-level-since-2018-what-this-means-for-future-prices/