Off-exchange supply refers to the total amount of a cryptocurrency held outside of centralized trading platforms. This metric quantifies digital assets stored in self-custodied wallets, decentralized finance (DeFi) protocols, or other non-exchange addresses. A growing off-exchange supply often indicates a long-term holding sentiment among investors, as assets are moved away from immediate trading venues. It can also suggest increased participation in decentralized applications or staking activities.
Context
Crypto news frequently analyzes off-exchange supply data as a key indicator of market sentiment and potential price stability. A significant increase in off-exchange holdings can signal reduced selling pressure and a preference for long-term accumulation. Conversely, a decrease might precede increased selling activity or a shift towards short-term trading, providing valuable insights into market dynamics.
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