One of the most bullish trends for Bitcoin after each Halving: The Supply on exchanges is declining this time.

Bitcoins Halvings are often seen a very good mechanism to boost down the inflation of the Bitcoin supply and as they have historically been an indicator for a pending bull run but even generally Bitcoin Halvings are seen as big caesuras as many metrics either reset then or take a once-in-a-while turn and change their trends.

One of that metric has been the Percentage of Supply on Exchanges after each Halving. So far after each Halving until the next we saw this trend increasing but this time its suddenly a different picture. Here a chart to illustrate this better:

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From therationalroot on Twitter

As we can see after each Halving we saw firstly slow but then rapid rise of supply on exchanges, which is directly correlated to the bull run happening but this time its different. For the first time we are seeing that this metric is decreasing and in fact has fallen below the curve of the second Halving. Which further shows how this time is actually very different.

You could say that this is due to people buying more and more Bitcoin this time and directly putting it into cold storage for the long-term or maybe its even because people are finally taking self-custody of their Crypto after disaster such as Celsius or FTX. Either way, this is a very good trend for Bitcoin and all of Crypto in the long-term.