Bitcoin supply on exchanges reaches low not seen since 2018’s bear market bottom
The percentage of Bitcoin’s circulating supply held on cryptocurrency exchanges dropped below the 10% mark. This occurred for the first time since the BTC price hit a $3,200 low back in December 2018, at the bottom of crypto winter.
These holders maintained an impressive record of saving their coins regardless of a bear market. The latest data from Glassnode shows, that Bitcoin long-term holders currently own around 90% of the total supply in profit.