#Bitcoin held on exchanges has continued to drop in a massive trend, as more coins are bought and withdrawn into HODLING hands. Supply shock, visualized.
Conversation
1
Yoda is pleasantly surprised: Only 8K BTC shares are in circulation at the exchanges presently. That means UP !
GIF
read image description
ALT
1
3
So im buying Bitcoin on cex.io, does this chart mean I should move my Bitcoin? Do I keep buying more? Seriously I’m brand new to this. Help!
The supply shock would look even more dramatic if we used Bitcoin on exchanges as a percentage of total mined Bitcoin, as opposed to the raw number.
1