Supply leaving exchanges refers to the movement of a digital asset from centralized cryptocurrency exchanges to self-custodied wallets or other decentralized platforms. This phenomenon indicates that holders are withdrawing their assets rather than keeping them readily available for sale on trading venues. A consistent trend of supply leaving exchanges often suggests a collective intention for long-term holding or staking. It typically reduces immediate selling pressure.
Context
Analysts closely monitor supply leaving exchanges as an on-chain metric to gauge investor sentiment and anticipate potential price movements. This trend is often interpreted as a bullish signal, reflecting accumulation and a decrease in the readily available supply for trading. Understanding this metric provides insight into the long-term conviction of asset holders.
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