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Bitcoin held on exchanges falls to eight-year low
The amount of Bitcoin held on cryptocurrency exchanges has dropped to its lowest level since late 2017. On-chain data shows that after peaking in early 2020, the share of Bitcoin on exchange wallets has been steadily decreasing without interruption. The decline in exchange supply means that an increasingly smaller portion of circulating Bitcoins is available for quick sale through centralized platforms. The current level of this metric matches values seen in November 2017. The publication notes that investors have been consistently withdrawing assets from exchanges over the past few years, and the trend toward ... (full story)
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