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Roughly 1.1M Bitcoin has left exchanges since March 2020
The amount of Bitcoin on exchanges hit an all-time-high in March 2020 at 3.2 million BTC; however, more than 1 million BTC has left exchanges.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Definition
The total amount of coins held on exchange addresses.
Quick Take
- Bitcoin (BTC) held on exchanges hit an all-time high of 3.2 million BTC in March 2020.
- However, 1.095 million BTC has been moved off exchanges in the 35 months since then — accelerated by the collapse of Terra LUNA and FTX in 2022.
- Roughly 600,000 BTC was taken off exchanges during 2022 alone.
- The total BTC balance on exchanges stands at 2.2 million BTC as of Feb. 9 — equating to roughly 11.7% of the Bitcoin circulating supply on exchanges.
