## Bitcoin Exchange Balances Hit 7-Year Low Bitcoin (BTC) exchange balances have plummeted to levels not seen since 2018, representing less than 15% of the total Bitcoin supply, according to a recent Cointelegraph report. This significant decrease suggests a shift in investor behavior, with more individuals choosing to hold their Bitcoin in personal wallets or other secure storage solutions rather than keeping it on exchanges. ## OTC Descrease and Potential Price Impact Adding to the supply-side pressure, Over-the-Counter (OTC) balances have also experienced a notable decrease of 21% since January. This reduction in available Bitcoin from both exchange and OTC sources could trigger a 'supply shock,' potentially driving prices upward as demand outstrips available supply. The trend indicates a strong belief in Bitcoin's long-term value proposition among holders. This shortage is anticipated to create upward price pressure for Bitcoin in the coming months. ```

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