Bitcoin Exchange Reserves Drop to Lowest Point in 3 Years
The number of bitcoin held on exchanges has continued to drop in recent times as the metric suggests crypto advocates are pulling funds off of trading platforms for long-term holding. At the time of writing, 2.32 million bitcoin worth over $90 billion is held on centralized cryptocurrency exchanges. Since This Time Last Year, Large Sums of Bitcoin Continue to Be Withdrawn from Centralized Exchanges Bitcoin is being pulled off exchanges in greater numbers these days, as the metric shows the amount — 2.32 million bitcoin (BTC) held today — hasn’t been this....
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On-chain data shows Bitcoin exchange reserves have hit the lowest value in 3 years, here’s what it might mean for BTC’s price. Bitcoin Exchange Reserves Lowest In 3 Years As Negative Netflows Continue As pointed out by a CryptoQuant post, exchange reserves have been continuing their downtrend, and have now reached lows not seen since 3 years ago. The all exchanges reserve is an indicator that shows the total amount of Bitcoin held in wallets of all centralized exchanges. An increase in the metric’s value suggests more investors are depositing their coins for withdrawing....
Shiba Inu (SHIB) is witnessing a significant shift on centralized exchanges, as fresh on-chain data reveals that the meme coin’s reserves have plunged below the $1 billion mark following a massive withdrawal spree. While this decline may seem concerning at first glance, historical trends suggest that such large-scale withdrawals often indicate a shift from selling to accumulation in the long term. Shiba Inu Exchange Reserves Plunge To New Lows According to data from CryptoQuant, Shiba Inu’s exchange reserves have experienced a steep drop in recent months. As of September 28, 2024, SHIB’s....
As Ethereum (ETH) fell below $4,000 for the first time since August 8, amid a market-wide pullback, the exchange reserves of the cryptocurrency also recorded a sharp decline. Notably, leading crypto exchanges like Binance and Coinbase Advanced witnessed a sharp increase in ETH outflows. Ethereum Reserves On Binance, Coinbase Advanced Dwindle According to a CryptoQuant Quicktake post by contributor CryptoOnchain, Ethereum outflows across all leading crypto exchanges have surged. In August-September 2025, the 50-day Simple Moving Average (SMA) netflow fell below -40,000 ETH per day, the....
Bitcoin spot reserves continue the recent trend of decline as values now stand at the lowest since October 2017. This shows the supply shock is tightening its grip. Bitcoin Supply Shock Narrative Grows Further As Spot Reserves Decline To October 2017 Levels As pointed out by a CryptoQuant post, BTC spot reserves have dropped down to lows not seen since October 2017. The spot reserves is a Bitcoin indicator that shows the total amount of coins held on wallets of all spot exchanges. When the value of the metric goes up, it means there is now an increase in the supply of BTC for selling and....
Some bitcoin enthusiasts may wonder if this news will affect the cryptocurrency use in China. China has been making a lot of media headlines regarding their forex reserves. A new report indicates these reserves are at a six-year low right now. With less than SU$3tn in liquid foreign exchange assets, things are not looking good for the Chinese economy. It appears the recently introduced capital outflow restrictions are not helping the economy stabilize by any means. It is not surprising to see China’s foreign exchange reserves dwindle every month. Even though January’s decline was smaller....