The number of bitcoin CEX deposit addresses has dropped to 132,100, the lowest since 2016
CryptoQuant analyst CryptoOnchain posted a chart on social media showing that the number of top-up addresses on bitcoin trading platforms has fallen to 132,100, the lowest value since 2016. This indicator represents the number of addresses sending inflow transactions to trading platforms. Lower values indicate fewer investors selling tokens on spot trading platforms, possibly indicating less selling pressure.