July 1 (Cointime) - Long-term investors are taking their Bitcoin out of exchanges and opting for self-custody, resulting in a 5-year low of BTC supply on exchanges. The total BTC balance across all exchanges is just 11.7% of the total circulating supply, with seasoned investors accounting for nearly 75% of the total supply. This trend may lead to higher prices for future buyers as they will have to persuade long-term holders to sell their holdings. The drop in BTC's liquid supply may be due to concerns about the safety of funds in centralized exchanges and regulatory clampdowns on major entities like Coinbase and Binance.
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