This has never happened before

Never before in the history of bitcoin hast here been a longer stretch of declining BTC balances on Exchanges.

At this point we are now more than 14.5 months into a trend that has seen the supply on Exchanges continue to go down and down and down.

Check it out:

(Source: https://twitter.com/BTC_Archive/status/1391697707476074502/photo/1)

This is a big deal because during previous bull markets this trend of supply on exchanges going down reversed about halfway to 2/3rds of the way through the bull market.

Since we are still seeing the balances going down, we may not even be halfway or 2/3rds of the way through the bull current bull market.

This is a great indicator to keep an eye to decide when we might be getting near a top.

Supply on Exchanges going down, probably not near a top yet...