Bitcoin Exchange Supply Falls to an 8-Year Low

Bitcoin Exchange Supply Stays At 8-Year Lows: Bullish Sign? – #CryptoUpdatesGNIT

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows the Bitcoin exchange reserves have been at 8-year lows for the past month despite the recovery that the asset has witnessed. Bitcoin Supply On Exchanges Has Been Flat Recently As highlighted by on-chain analytics firm Santiment in an X post, Bitcoin and Ethereum have differed in their trend of the Supply On Exchanges. This indi…

Bitcoin Exchange Supply Remains At 8-Year Lows: Bullish Sign?

On-chain data shows the Bitcoin exchange reserves have been at 8-year lows for the past month despite the recovery that the asset has witnessed. Bitcoin Supply On Exchanges Has Been Flat Recently As highlighted by on-chain analytics firm Santiment in an X post, Bitcoin and Ethereum have differed in their trend of the Supply On […]

Bitcoin Exchange Supply Stays At 8-Year Lows: Bullish Sign?

On-chain data shows the Bitcoin exchange reserves have been at 8-year lows for the past month despite the recovery that the asset has witnessed. Bitcoin Supply On Exchanges Has Been Flat Recently As highlighted by on-chain analytics firm Santiment in an X post, Bitcoin and Ethereum have differed in their trend of the Supply On Exchanges. This indicator measures, as its name suggests, the total amount of a given asset that’s currently stored in t…

Bitcoin exchange supply falls to an 8-year low

The supply of Bitcoin (BTC) on all cryptocurrency exchanges has declined to an 8-year low, amid notable demand from conviction investors. As of May 15, Bitcoin’s supply on all crypto exchanges hovered around 5.623% of the asset’s total supply, according to analytics from Santiment, analyzed by Finbold. Consequently, approximately 1,180,830 BTC, valued at about $95.2 billion at press time, sits on exchanges. Bitcoin supply change on all exchanges…

Bitcoin Holds 8-year Exchange Low While Ethereum Supply Moves Up

Key Takeaways BTC supply on exchanges: 5.6%, lowest since 2018, holding flat. ETH supply on exchanges: 4.6%, up from 4.2% ten days ago. Both still near record lows but diverging in direction. May 10 ETH inflow spike: approximately 240K ETH, chart’s largest bar. Current BTC netflow: -967.7 BTC. Current ETH netflow: -14.2K ETH. What the supply percentages show The percentage of each asset’s total supply held on known exchange wallets is one of th…

Bitcoin Exchange Supply Hits Lowest Ratio Since 2018 As Ethereum Ticks Higher

Bitcoin’s supply on exchanges is sitting near its lowest ratio since 2018, giving traders another on-chain signal that immediately available BTC liquidity remains tight. A Santiment chart tracking exchange balances for Bitcoin and Ethereum puts BTC supply on exchanges at approximately 5.6%, based on known exchange wallets recently updated by the analytics platform. The ratio has stayed around that level for roughly one month, making it one of th…