Bitcoin supply on cryptocurrency exchange Coinbase has reached a 9-year low as BTC accumulation resumes to push price back above $70,000.) reclaimed the $70,000 mark on March 25 as BTC accumulation has resumed, leading to a 9-year low in Bitcoin supply on the Coinbase cryptocurrency exchange.On the supply side, Bitcoin reserves on Coinbase exchange reached a nine-year low of 344,856 BTC on March 18, showing that investors have resumed accumulating BTC off exchanges.
Further showcasing the growing accumulation pattern, Bitcoin inflows to accumulation addresses hit a new all-time high of 25,300 BTC on March 22, according to anThis suggests that big investors are likely betting on more upside after the recent 15-20% drawdown from the all-time high of around $74,000.In total, Bitcoin reserves on all exchanges have hit a three year low of 1.92 million BTC on March 25, according to data by.
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