Bitcoin Exchanges Now Own 16% Less BTC Than the Oldest Hodlers

Get your Bitcoin off exchanges – and it seems people are!

Bitcoin exchanges now own 16% less BTC than the oldest hodlers

“The latest data shows that Bitcoin exchanges have less BTC to buy than at any time since early 2018.

On-chain analytics firm Glassnode confirms that as of February 2023, exchange reserves are at five-year lows.

The latest statistics reflect the determination of Bitcoin hodlers, as major exchanges’ BTC balances are in “down only” mode.

As of Feb. 27, the latest date for which data is available, the platforms tracked by Glassnode held a combined 2,272,798 BTC.

It was in March 2018 that the number was previously so low, with March 2020 representing the current all-time high of 3,202,326 BTC.”


Master Asked on February 28, 2023 in Bitcoin.
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