BTC exchange balances hit 4-year low
Data from on-chain analytics firm Glassnode highlighted the ongoing trend of Bitcoin leaving exchanges.
BTC in exchange wallets now accounts for just 12.6% of the overall supply, down 4.6% of the overall supply since the March 2020 crash. In BTC terms, the figure is 2.4 million BTC now compared to 3.15 million BTC in March 2020. The number is the lowest since July 2018.