Exchange BTC reserves have dropped by nearly 38,000 since September, falling to the level of mid-November 2018

CryptoQuant data shows that as of September 16, the volume of BTC held by exchanges fell sharply in September, reaching the level of mid-November 2018. Since the beginning of this month, BTC exchange reserves have dropped from about 2.62 million to 2.58 million, a decrease of nearly 38,000 in two weeks. The annual trend shows a larger decline, with BTC exchange reserves decreasing by about 430,000 since the beginning of the year. The low indicator shows that the market tends to hold for the long term rather than short-term transactions. This behavior will increase BTC price volatility, especially when supply is limited and demand surges. (CryptoSlate)