The BTC reserve data on exchanges shows that, based on weekly data, the BTC reserves on exchanges have been continuously decreasing over the past week. This indicates that during the recent BTC price drop, there weren’t more investors transferring BTC to exchanges to reduce their holdings and exit the market. On the contrary, more investors have been buying the dip, and it seems they haven’t stopped their buying intentions even now. Switching to annual data makes this even clearer. The current BTC reserve is at its lowest point in the past year. If we extend the timeline further, it’s actually the lowest point since June 17, 2019. At least for now, investor sentiment remains relatively strong. Sponsored by Bitget ｜ @Bitget_zh