The number of Bitcoins on Exchanges Has Been Falling Since Early March: Glassnode
According to Glassnode experts, the volume of crypto on exchanges has been declining since the beginning of March. So, while at the beginning of the month investors kept 2.556 million coins on exchange-owned wallets, now this volume has fallen to 2.499 million BTC.
At the same time, the company researchers have seen an influx of stablecoins to centralized platforms. In particular, investors have increased reserves in USDC, Tether, and BUSD during the last month.
This might be considered as a sign, as traders normally send stablecoins to trading platforms when they intend to buy cryptos.
According to some experts who have been interviewed by Bloomberg, if in the face of uncertainty, Bitcoin withstood pressure and did not collapse, then we can talk about great confidence in this tool from institutional investors.