on centralized exchanges. The number of BTC held on exchanges has been on a consistent decline, hinting at a shift in investor behavior. As more people move their Bitcoin off exchanges and into private wallets, the available supply for trading decreases. This reduction in exchange liquidity is typically considered a bullish factor.
The combination of a favorable LTH MVRV reading and decreasing exchange liquidity suggests that Bitcoin could be on the verge of another rally. However, investors should bear in mind that while these indicators provide helpful insights, they do not guarantee future price movements.
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