Bitcoin’s Rising Exchange Supply Ratio Signals Return of Institutional Liquidity

According to a CryptoQuant report, Bitcoin’s Exchange Supply Ratio (ESR), which tracks the amount of Bitcoin held on exchanges relative to total supply, has been steadily climbing since mid-October. The latest data shows the ESR rising from 0. 0272 to 0. 0286, marking its highest level since September source: https://www.ethnews.com/bitcoins-rising-exchange-supply-ratio-signals-return-of-institutional-liquidity/