Bitcoin price USD remains under pressure, but on-chain data points to continued long-term accumulation. Over the past six months, Bitcoin exchange reserves have fallen by 78,000 BTC, reducing the amount of BTC available for sale. The decline suggests investors are moving coins into long-term storage rather than preparing to sell. While short-term price action reflects macro uncertainty, steady exchange outflows indicate underlying demand remains intact and the broader market structure continues to favour patient accumulation.
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