$BTC EXCHANGE RESERVES DROP TO THE LOWEST LEVEL SINCE 2019 The amount of $BTC held on exchanges has fallen to just 2,666,753 BTC — the same level seen in August 2019, even though Bitcoin’s price is now nearly 8x higher. ✅ This shows that exchange supply is drying up as more $BTC continues moving off exchanges into long-term storage. 📌 Key highlights: August 2019: $BTC traded around $9,430 Current price: around $73,300 Yet exchange reserves remain almost identical. However, the Bull-Bear Market Cycle Indicator is currently still in the Bear zone (-0.379), completely opposite to the Bull zone seen in 2019. 🔥 The biggest difference this cycle is the arrival of Spot Bitcoin ETFs — a massive source of institutional demand continuously absorbing market supply. 🛡️ Analysis: This could be one of the biggest supply squeezes in Bitcoin history. If ETF inflows remain strong, the market may witness a major revaluation phase for $BTC. This post is for market analysis purposes only and is not financial advice.