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First Mover: Bitcoin Low Exchange Balance Looks Bullish but Chart Looks Bearish as $11K Nears

Bitcoin balances on exchanges hit two-year low, seen as a bullish sign that traders are holding for the long term, or tokenizing for use in DeFi.

By Bradley Keoun

Updated Sep 14, 2021, 10:01 a.m. Published Sep 28, 2020, 12:44 p.m.

Blockchain provides uncanny transparency into crypto-market data, lately indicating that investors have taken their bitcoin off of cryptocurrency exchanges.