Bearish Indicator: Are Big Players No Longer Interested In Bitcoin?

Bitcoin prices are trending higher, but big players appear hesitant to buy into the current rally.
Bitcoin Reserves Dropping
On-chain data shows that exchange, digital asset banks, and miner BTC reserves are relatively lower. Over the past weeks, the spot price of BTC has soared over 40%, bottoming at around $15,300 registered in Q4 2022. Bitcoin has now risen to retest $23,300, reaching a new Q1 2023 high.As history shows, the spike in Bitcoin prices should be at the back of solid support, main