Bitcoin Supply on Exchanges Drops Sharply as Price Nears All-Time High
Since late March, the total BTC held on exchanges has dropped from approximately 3.11 million to just over 3.01 million as of May 13, 2025.
This nearly 100,000 BTC reduction coincides with a steep rally in pricefrom $86,000 to over $104,000suggesting increased investor confidence and reduced selling pressure.
Historically, declining exchange balances are associated with accumulation phases, where investors move their holdings to cold storage in anticipation of higher prices.
With Bitcoin approaching its all-time highs and exchange balances at their lowest levels in months, this trend may reinforce the broader bullish outlook currently forming across the crypto market.
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Text source: Coindoo
