Bitcoin Exchange Balances At Three-Year Lows

Bitcoin Exchange Balances At Three-Year Lows


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With bitcoin price falling below $60,000, let’s revisit the current state of exchange balances and bitcoin exchange flow activity. At a macro level, the decline in bitcoin supply on exchanges continues with the percentage of bitcoin on exchanges of circulating supply hitting another three-year low yesterday. The secular exchange balance decline that started in March 2020 has not changed.

Source: Glassnode

Supply: Glassnode

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