Bitcoin Balance on Exchanges

The Bitcoin Balance on Exchanges chart depicts the cumulative Bitcoin holdings across different trading platforms. When the balance is high, it suggests more people may be preparing to sell Bitcoin, leading to an increased supply and potential price drops—ideal for short positions. Conversely, a low balance suggests fewer sellers and, thus, a potential price jump—great for long positions. Traders often use this chart to tactically enter or exit trades, as it gives insights into the market's sell-side pressure, contributing to an informed trading strategy.