Bitcoin's recent rally has been fueled by a decrease in supply on exchanges, indicating a bullish sentiment among investors. As the percentage of Bitcoin held on exchanges reaches a five-and-a-half-year low of 11.71%, market liquidity is impacted, potentially leading to increased volatility...
Bitcoin’s exchange balance drops to 5-year low as price hits $30K Bitcoin’s exchange balance drops to 5-year low as price hits $30K
Only 11.71% of Bitcoin's supply is currently held on exchanges.
2 min read
Updated: Jun. 27, 2023 at 2:53 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
