Bitcoin trading platform balance reaches nearly 3-year low

On June 20, CryptoQuant data showed that as of June 19, Bitcoin trading platform reserves (the total amount of Bitcoin available on the exchange) had fallen to a 3-year low of 2,825,703 BTC. In January 2024, the Bitcoin trading platform balance hovered around 3,039,000. Low trading platform reserves indicate low selling pressure and potential supply shocks.