Bitcoin supply on exchanges is at its lowest level since December 2017
The supply of BTC on exchanges continues to fall to new record lows. The number of coins off exchanges is 14 times higher than on exchanges.
What does this mean?
1. There is no trust in exchanges, and all understanding people keep their crypto assets in wallets.
2. people don't want to sell BTC and just accumulate it.
3. both the first and the second.