Today, the Bitcoin reserves of the exchanges have reached a new record low in recent years.
It means that many people who had BTC on exchanges have likely withdrawn them to move them to self-custodial wallets, or to other platforms that are not exchanges.
The all-time low of Bitcoin reserves on exchanges
What was recorded today is not a historical record, but it is the lowest point reached in recent years.
Consider that, according to the data from CryptoQuant, in November 2022 after the closure of FTX, which led many people to withdraw their funds from exchanges to avoid further risks, there were still more than three million BTC in reserve on the exchanges.
Now instead we have dropped to 2.4 million, which is 20% less.
At the end of 2021, however, there were more than 3.3 million.
In particular, the bulk of the recent decline started right in November 2024, when the price of Bitcoin began to rise thanks to the so-called Trump-trade, then going on to exceed for the
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