Crypto exchange balances have reached their lowest point in five years, according to analysts from Swan platform. This trend coincides with Bitcoin’s price hovering around the $95,000 mark and lacking dramatic jumps in recent days. A correlation between these two indicators suggests a potential surge in BTC prices is imminent. Analysis reveals that investors are transferring bitcoins off exchange platforms for long-term storage in cold wallets – often considered bullish signal. However, institutional investors are also taking a substantial portion of Bitcoin into their reserves through ETFs. Bitcoin’s price hasn’t surged due to the lack of immediate movement as some coins remain unused, while others are used for structured products or yield farming. This dynamic contributes to the overall slow price growth and emphasizes the market’s complexity. While experts anticipate a new wave of significant BTC price growth driven by long-term investment strategy, it is likely not linear but will be dramatic due to Bitcoin’s limited supply. 2023 has seen continued progress in the adoption of cryptocurrencies within the U.S. In North Carolina, legislation proposes authorizing the state to invest in digital assets and potentially incorporate them into public employee retirement plans. The bill’s progression through the legislative process highlights a growing interest in Bitcoin within the United States. Other states are also exploring similar initiatives, including Arizona, New Hampshire, and Texas, demonstrating the increasing acceptance of cryptocurrencies as an investment option.