Exchange Reserve is totally different with 2021 May

Exchange-Reserve-is-totally-different-with-2021-May

Exchange Reserve is the excellent data to intuitively expect the medium-to-long term direction of Bitcoin.

First, we need to know the following two things:
1. Exchange Reserve and the price of Bitcoin move in opposite directions
2. From mid- to long-term perspective, Exchange Reserve can  be used as a leading indicator


<April-May 2021>
Bitcoin reached ATH, but Exchange Reserve continued to increase sharply. Eventually, Bitcoin dropped.

<December 2021> 
Although Bitcoin dropped due to global macro factors, Exchange Reserve continue to decline for some long time.
Unless the decreasing Exchange Reserve suddenly turn upward, Bitcoin price is likely to rise for mid-long term as Bull market.