Market metrics indicate that Bitcoin investors are bullish in the long term. 
On-chain data also shows that the apex cryptocurrency is still experiencing extreme volatility compression.
The cryptocurrency market has recorded a lot of turbulence this year, and even the most valuable cryptocurrency by market cap has not been spared by the bears.
With the price of bitcoin, fluctuating consistently, and trading volume, tumbling from time to time, negative sentiments from traders and investors are expected.
However, on-chain metrics seem to suggest that the opposite is the case at this time. According to data shared by Glassnode, a leading on-chain platform, Bitcoin investors have stayed put throughout the market chaos.
Notably, the Bitcoin balance on cryptocurrency exchanges has dropped significantly over the past few years. According to Glassnode’s data, Bitcoin balances on exchanges have declined, reaching a 5-year low value. The value is estimated to sit at 2,280,636.886 Bitcoins, va

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