$BTC is rapidly disappearing from cryptocurrency exchanges as both corporate treasuries and sovereign funds accumulate the asset, creating a supply shortage that could reshape market dynamics.
The reserves of $BTC in cryptocurrency exchanges have fallen to 2.6 million BTC, the lowest level since November 2018.
More than 425,000 $BTC have been withdrawn from exchanges since November 2024, with public companies alone acquiring nearly 350,000 BTC following the elections in the U.S.. Corporate buyers have been acquiring more than 30,000 BTC monthly in 2025.
These changes could reshape the market dynamics of $BTC at its core—reducing supply while elevating its position as a macro scarce asset in the same realm as gold. As retail investors, high-net-worth individuals, companies, and even nation-states compete for portions of the same finite pie, the bitcoins held on exchanges are expected to continue decreasing. Still, during price surges, sellers occasionally flood the platforms, causing a temporary increase in balances.
