The total number of bitcoins held in cryptocurrency exchanges wallets dropped to an 18-month low to just above 2.3 million on Monday, according to data estimates from Glassnode. The decline marks an 11% year-to-date reduction in the number of bitcoins held by exchanges. Meanwhile, over the same period, the amount of ether in exchange wallets increased by more than 7%. Some market participants see this as a sign that more bitcoin investors are increasingly taking direct possession of their cryptocurrency. “People are accumulating aggressively, and the market participants seem to have a higher time preference these ... (full story)