Price analysis 3/26: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK
Cointelegraph
Published Mar 26, 2021 03:45PM ET
Updated Mar 27, 2021 06:40PM ET
Glassnode data shows Bitcoin (BTC) exchange reserves on Coinbase have dropped by about $8 billion. This indicates that institutional investors are locking away their purchases in cold storage for the long term instead of booking profits.
HODLing by institutions is a huge positive as it will continue to reduce Bitcoin's available supply, which may boost prices even if demand begins to diminish.
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Written By: Cointelegraph
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