CEX Bitcoin reserves hit a record low, now reported at about 2.68 million

BlockBeats news, on October 17, according to the chart data disclosed by Cointelegraph, the Bitcoin reserves held by cryptocurrency trading platforms are now reported at about 2.68 million, a record low.

BlockBeats Note: The reserves of trading platforms refer to the number of Bitcoins stored in major CEX wallets. This indicator is often used to measure liquidity and market supply and demand dynamics. Higher trading platform Bitcoin reserves usually mean better market liquidity and traders can buy and sell Bitcoin more easily. Monitoring changes in the Bitcoin reserves of trading platforms can help analyze market sentiment. For example, a decrease in reserves may indicate that users are withdrawing Bitcoin, perhaps due to bullish sentiment; while an increase in reserves may indicate that users are depositing Bitcoin into exchanges for ease of trading, which may mean bearish sentiment.