🔥 Newest: 400K $BTC BTC Has Left Exchanges in the Past Year as Supply Tightens, According to Santiment

More than 403,000 $BTC have left exchanges since December 7, 2024, accounting for about 2% of total supply, according to Santiment

The platform states that a lower number of coins on exchanges typically means a lower likelihood of a major sell-off putting downward pressure. ETF funds and public companies now hold more $BTC than all exchanges combined after years of withdrawals.

Bitmerr Mining CEO Giannis Andreou stated that institutional ownership has entered a new phase with less liquid supply. The amount of Bitcoin held on exchanges is currently about 2.11 million as of November 22.