The data of cryptoQuant is categorical, bitcoins are scarce on exchanges! The selling resistances are breaking!

The curves speak for themselves! The selling resistances on Bitcoin are being destroyed by buyers. Liquidity in btc is scarce. Prices could take off in the next few weeks. Here are the statistics.

https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-reserve?exchange=all_exchange&window=DAY&ema=0&priceScale=log&metricScale=linear&chartStyle=line

    White : price  -  Purple : exchange reserve BTC

Since January 2024, the number of Bitcoin on exchanges has fallen sharply despite an increase in prices before experiencing a stabilization of prices in mid-March. Yet the amount of Bitcoin on trading platforms has continued to decline until today. This is a particularly encouraging signal for prices as sellers are being destroyed by buyers. The stocks to be sold on the markets have never been so low. At the slightest strong signal from investors, the last resistances could crack and see the price of Bitcoin take off. However, it is difficult to know if the other crypto will follow the BTC market. 

The BTC volume indicator in a sell position is a very good internal indicator for the crypto market because generally this ratio is decreased during price increases and increases during sharp declines. This week the BTC quantities have never been lower on exchanges. To follow.