42m ago
Centralized Exchange Bitcoin Reserves Drop to Lowest Level Since November 2018 at 2.7 Million BTC
Blockchain analytics firm CryptoQuant reports that Bitcoin reserves on centralized exchanges have fallen to roughly 2.7 million BTC, the weakest exchange liquidity since November 2018. During prior bull cycles between 2020 and 2022, balances exceeded 3.5 million BTC, but sustained outflows through 2023, 2024 and early 2026 have coincided with Bitcoin trading slightly above $70,000. This decline is linked to users shifting coins off platforms, as well as U.S. spot ETF demand and corporate treasury accumulation tightening available supply.