The post Bitcoin Exchange Reserves Shrink By 668K BTC – Bullish Signal? appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is at a crossroads as market participants grow increasingly divided on its next move. Bulls remain hopeful for a breakout above the all-time high (ATH) near $112,000, while bears argue that a deeper correction is imminent. The current indecision is reflected in the price action, with BTC struggling to gain traction after its recent pullback, and volatility climbing amid growing macroeconomic and geopolitical tensions. Analysts agree that a decisive move is coming, and all eyes are on on-chain data for clues. According to CryptoQuant, since November 2024, centralized exchange (CEX) reserves have dropped by 668,000 BTC—a strong long-term bullish signal suggesting continued accumulation and reduced selling pressure. However, while the decline in reserves is notable, it’s far from signaling exhaustion. This divergence between bullish and bearish narratives sets the stage for a critical moment in Bitcoin’s cycle. Whether a supply squeeze triggers the next leg up or rising global uncertainty leads to further retracement, the coming days will likely define BTC’s short-term trajectory. Bitcoin Holds Crucial Support As Uncertainty Rattles Sentiment Bitcoin is currently trading at a key juncture, holding above critical demand levels but failing to confirm a decisive breakout above the $112,000 all-time high. The asset has shown resilience after a 7% pullback, but a lack of strong momentum has left the market in a state of uncertainty. Analysts remain divided, with some anticipating a renewed bullish impulse while others warn of a larger correction amid rising volatility. The macroeconomic backdrop adds to the unease. The aggressive and unpredictable bond market continues to shape global risk dynamics, with surging US Treasury yields signaling systemic stress that could ripple through crypto markets. Traders are becoming more cautious, and sentiment has shifted into a more defensive…

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Filed under: News - @ June 2, 2025 9:29 pm