The total supply of Bitcoin on exchanges fell to 2.488 million BTC on Friday, reaching a seven-year low.

According to CryptoQuant, the exchange reserves currently stand at 2.492 million, having increased by about 40,000 BTC over the weekend, but still at the lowest level since October 2018.

This outflow occurs at a time when the price of Bitcoin is $95,400, and the Trump administration has expressed a willingness to reach an agreement with China on tariffs.

While the exchange balance reaches a seven-year low, according to the latest CoinShares digital asset fund liquidity report, Bitcoin funds witnessed an inflow of $3.2 billion in the week ending April 28.