According to Binance Research, Bitcoin held on exchanges fell from 17.6% to 15.0%, marking the lowest exchange balance level in six years.
Binance Research reported that 500,000 Bitcoin has permanently exited cryptocurrency exchanges. The update said exchange-held Bitcoin balances dropped from 17.6% to 15.0%, reaching their lowest level in six years. Lower exchange balances are commonly watched as a market supply indicator because they can suggest more Bitcoin is being moved into self-custody (personal wallet storage) or long-term holding rather than kept readily available for trading.