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

Bitcoin (BTC) exchanges have less BTC to buy than at any time since early 2018, the latest data shows.

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

Further Glassnode data puts the total BTC now dormant for ten years or more at 2,645,956 BTC — 16% more than the total exchange balance.

(By WILLIAM SUBERG)

Get the latest news here: Cointime channel — https://t.me/cointime_en

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