Bitcoin Leaves Exchanges at a Record Pace — Supply Is Tightening
More than 20,000 BTC moved off exchanges recently, pushing exchange balances to multi-year lows. Historically, this behavior has preceded periods of supply shock.
When Bitcoin leaves exchanges, it usually means one thing: holders aren’t looking to sell. They’re locking coins into cold storage, long-term custody, or institutional vaults.
Price doesn’t move first. Supply does.
And right now, supply is quietly disappearing.
BTCUSDT
Perp.
80,634.4
+0.14%