Bitcoin’s swap reserves hit record high with traders considering BTC price support of $ 43,000 By Cointelegraph


Bitcoin’s exchange reserves hit record high, with traders considering BTC price support of $ 43,000

(BTC) available on the stock exchanges is on the verge of bottoming out, according to the latest data.

As Noted By Ki Young Ju, CEO of on-chain analysis platform CryptoQuant, foreign exchange reserves have returned to all-time lows last seen in early May.

Bitcoin foreign exchange reserves vs chart. Source: CryptoQuant
The BTC offer was last active 1-2 years ago. Source: Glassnode / Twitter
1 hour BTC / USD candle chart (Bitstamp). Source: TradingView

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