$$BTC
According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June 2022
Bitcoin Exchange Reserves Dip to 2018 Levels
Over the past month, starting from July 11, 2024, a staggering 99,308 BTC, valued at $5.96 billion, has been withdrawn from exchanges. Currently, cryptoquant.com’s data shows that centralized exchanges are holding 2,679,880 BTC, worth approximately $161 billion based on bitcoin rates as of Sunday, Aug. 11. The last time reserves were this low was during the bitcoin bear market on Nov. 19, 2018.
Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days