#隐私保护话题升温 XRP exchange reserves hit a seven-year low. What signals are hidden behind this?

$XRP $SOL $ZEC

Recently, there is a data point worth pondering: XRP reserves across major exchanges have fallen to 1.6 billion coins, a low not seen since 2018. Looking back at October last year—the reserves were 3.76 billion coins. In just a few months, more than half of the XRP has flowed out of exchanges, a scale not to be underestimated.

Such a significant withdrawal usually reflects two possibilities. One is that retail and institutional investors are starting to change their strategies, no longer trading frequently, but instead withdrawing to cold wallets for long-term holding. From another perspective, this indicates they have expectations for the future market. The other, more interesting possibility is that large institutions are quietly accumulating, gradually reclaiming chips from the market. Regardless of which, the chips willing to be sold in the market are indeed decreasing.

A sharp drop in supply often means the supply and demand balance is tilting. When the circulating chips decrease and buying pressure increases, how big can the price reaction be? This is almost a classic technical narrative. Historically, every time exchange reserves hit multi-year lows, the subsequent trend is worth paying attention to.

What do you think about this wave of XRP "disappearance"? Is it a precursor to a new upward cycle, or simply a change in trading habits? Share your observations in the comments.