Analytics provider Santiment posted a tweet with data showing the supply of bitcoin on centralized crypto trading platforms has plummeted to its lowest level in six months. According to the Santiment, this is likely to prevent major Bitcoin sell-offs.Santiment tweeted that Bitcoin is moving from crypto exchanges to wallets for long-term storage.The ratio of #Bitcoin\u2019s supply on exchanges has encouragingly slid down to its lowest since early January. The 6-month low is a promising sign, as it generally will indicate that there is a decreased risk of more major $BTC selloffs. https:\/\/t.co\/vFh7pcjUmX pic.twitter.com\/t3duiStvg6- Santiment (@santimentfeed) July 5, 2021Bitcoin on exchanges plunge to the lowest level since January.The world\u2019s flagship cryptocurrency briefly bounced back to a critical level of $35,000 and hits $35,900, whales and retail users have begun to grab for Bitcoin in the downturn, while it is still well below its all-time high of $65,000 reached in April this year.This factor demonstrates that the risks of any major sell-offs are quite low. As previously reported, large volumes of bitcoins were withdrawn from centralized digital exchanges in May, June, and earlier.Bitcoin whales holding from 100 to 10 thousand BTC have accumulated 60 thousand BTC in one day.This event coincided with Bitcoin Mining Difficulty Gets Biggest Drop In BTC History almost -28%.The accumulation can also be linked with a more decentralized Bitcoin network as miners are forced to leave China and its territories.Bitcoin whales are buying BTC and have recorded the largest accumulation in one day, buying 60 thousand BTC.Network data analyst firm Santiment said the whales bought 60,000 BTC in one day, the largest daily accumulation this year.Read More: Bitcoin Whales Are Buying BTC, Accumulate 60k BTC In One DayAccording to btc.com data, the Bitcoin network adjusted to the massive drop in hash rate, the network\u2019s mining difficulty dropped by\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Analytics provider Santiment posted a tweet with data showing the supply of bitcoin on centralized crypto trading platforms has plummeted to its lowest level in six [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/4875"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=4875"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/4875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=4875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=4875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=4875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}