Bitcoin Supply on Exchanges Hits Five-Year Low, Fueling Bullish Sentiment

Bitcoin Supply on Exchanges Hits Five-Year Low, Fueling Bullish Sentiment

The amount of Bitcoin held on cryptocurrency exchanges has reached a five-year low, signaling potential bullish momentum for the digital asset. According to data from CryptoQuant, which monitors on-chain exchange wallets, the total Bitcoin reserves on trading platforms now stand at approximately 2.6 million BTC. This marks a significant decline from the 3.3 million BTC held on exchanges just two years ago. This reduction in Bitcoin on exchang...

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