Bitcoin exchange reserves fall to two-year low after $8B exodus
Cointelegraph
Bitcoin reserves on major exchanges have plummeted by $8 billion as long-term investors significantly increase their accumulation of the asset.Summary
Bitcoin reserves on major exchanges like Binance, OKX, and Gemini have dropped to two-year lows, with nearly 100,000 BTC withdrawn in three months. This $8 billion exodus, confirmed by CryptoQuant data, is coupled with a decline in over-the-counter (OTC) balances, suggesting reduced available supply. Meanwhile, long-term "accumulator" addresses have boosted their holdings by over 60% in two weeks, signaling strong buying demand and potentially setting the stage for future price rallies.
(Source：Cointelegraph)