What's going on here? I don't remember seeing Bitcoin reserves on exchanges barely above zero. Why is there so much demand for Bitcoin?
When bitcoin had a much higher value than it does now there was almost no stablecoin liquidity on eXch and those numbers were often close to 0 and would be bought quickly. But now when bitcoin is falling and altcoins are crashing much harder, crypto traders are perhaps buying BTC, expecting a trend reversal. USD has also been losing ground in favor of EUR in recent weeks.