⚠️ALERT: Around 500,000 $BTC has quietly disappeared from exchanges….. and honestly, this is getting interesting.
I was checking the latest data from Binance Research, and exchange reserves keep dropping slowly month after month. Back during the COVID panic, exchanges were holding around 17.6% of the total Bitcoin supply. Now that number is close to just 15% - the lowest level we’ve seen in almost 6 years. Makes me wonder where all this BTC is actually going. Cold wallets? Institutions? Long-term holders locking coins away?
Usually when Bitcoin leaves exchanges, it means people are less interested in selling. And when supply becomes tighter, market reactions can get very aggressive later on👀
#Binance @Binance Square Official $BTC
I was checking the latest data from Binance Research, and exchange reserves keep dropping slowly month after month. Back during the COVID panic, exchanges were holding around 17.6% of the total Bitcoin supply. Now that number is close to just 15% - the lowest level we’ve seen in almost 6 years. Makes me wonder where all this BTC is actually going. Cold wallets? Institutions? Long-term holders locking coins away?
Usually when Bitcoin leaves exchanges, it means people are less interested in selling. And when supply becomes tighter, market reactions can get very aggressive later on👀
#Binance @Binance Square Official $BTC