Bitcoin Exchange Wallet Balances Drop to Nearly Two-Year Low

Coinglass data shows centralized exchange holdings at 2.4633 million BTC, alongside net outflows over both 24 hours and 30 days as accumulation by Strategy and large on-chain holders continues.

BTC

Summary

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Terms & Concepts
  • Centralized exchange wallet balances: The amount of Bitcoin held in wallets controlled by centralized trading platforms, often watched as a gauge of available market supply.
  • Net outflows: The difference between assets leaving and entering exchanges over a set period, indicating whether coins are being withdrawn overall.
  • On-chain whales: Large cryptocurrency holders whose blockchain transactions are visible on-chain, often tracked for signs of accumulation or selling.