📉 Bitcoin Exchange Reserves Drop to Record Lows!
Since the start of Spot Bitcoin ETF buying in Jan 2024, we’ve witnessed a massive decline in BTC reserves on centralized exchanges.
🔻 From over 3.3M BTC → now below 2.4M BTC
💼 This signals heavy accumulation by institutions & whales—less BTC available for trading = more scarcity.
📈 Price surged from ~$40K to over $107K in the same period.
🧠 What it means?
Less BTC on exchanges = reduced sell pressure
More BTC in custody wallets = long-term holders accumulating
👀 Keep your eyes on supply dynamics—this is how bull runs sustain!
#Bitcoin #BTC #OnChainData #CryptoQuant #BitcoinETF #CryptoInsights #MarketUpdate #SmartMoneyMoves