#ShootingIncidentAtWhiteHouseCorrespondentsDinner The Bitcoin supply on exchanges is shrinking.$BTC
@Bitcoin
CryptoQuant's exchange reserve data highlighted signs of supply reduction, as the BTC balance on Binance "continues to decrease significantly."
The following chart shows that the Bitcoin supply on Binance has dropped to around 618,300 BTC from approximately 675,000 in early January. (in the image👇)
Such low levels have historically marked BTC macro lows as seen in late 2022, early 2024, and mid-2025.
When the supply on exchanges dips to low market levels, it could mean "that investors are holding onto Bitcoin instead of selling and transferring it to personal wallets for storage, making the market more scarce," said CryptoQuant analyst Rei Researcher in a QuickTake note on Wednesday, adding:
"This often leads to a sharp price increase in the next bull cycle."
@Bitcoin
CryptoQuant's exchange reserve data highlighted signs of supply reduction, as the BTC balance on Binance "continues to decrease significantly."
The following chart shows that the Bitcoin supply on Binance has dropped to around 618,300 BTC from approximately 675,000 in early January. (in the image👇)
Such low levels have historically marked BTC macro lows as seen in late 2022, early 2024, and mid-2025.
When the supply on exchanges dips to low market levels, it could mean "that investors are holding onto Bitcoin instead of selling and transferring it to personal wallets for storage, making the market more scarce," said CryptoQuant analyst Rei Researcher in a QuickTake note on Wednesday, adding:
"This often leads to a sharp price increase in the next bull cycle."