Bitcoin Held On Exchanges Hits Five Year Low
The amount of Bitcoin on exchanges is now at its lowest ratio since December 2017.
- "The five and a half year low is a good sign of increased interest in self custody for traders, and less potentially at risk to be sold back to exchange wallets," market intelligence firm Santiment wrote.
- Roughly 1.1 million BTC has left custodial services since the peak in March 2020, when 3.2 million BTC were sitting on exchange wallets.
- Approximately ~2 million BTC is still in exchange wallets.
