Analysis: Bitcoin trading platform reserves hit a new low, indicating that whales and institutions continue to hoard coins for a long time

BlockBeats News: On May 31st, according to Cointelegraph, the reserve volume of Bitcoin trading platform hit a new low. BTC is continuously flowing out of centralized platforms, indicating that entities such as whales, institutions, and governments that are more inclined towards non custodial storage methods are engaging in long-term hoarding.