Friday, December 8, 2023

BTC liquidity is tightening as the amount of bitcoin held by exchanges falls.

Bitcoin (BTC) liquidity has decreased as the overall bitcoin balance drops. BTC asset liquidity has hit a new low in the past six months. The promoters hence deemed it to be a bullish catalyst for BTC price.

Bitcoin price went through a drop of 40% in the past 90 days. But the analyst has something positive to say about it here, they believe that these recent events might boost the asset’s price. Bitcoin reserves on exchanges have hit a new low in the last six months by dropping to almost 10%.

Cryptocurrency exchanges currently have less than 2.363 million bitcoin which is around 100 billion dollars in Bitcoin. Which holds about 12% of the asset’s market funds. Considering it chronologically, a price rally goes around with the supply shortage and liquidity tightening in Bitcoin.

Although 2.363 million bitcoin is a critical division, it is 8.88% lower than the bitcoins numbers recorded on the exchange on 25th July 2021. There are an excessive number of crypto participants in the market, and there is less bitcoin on the exchange, resulting in less selling pressure.

As per the metric indications, the bitcoin exchange reserve went this low about 10 months ago in April 2021. Combined figures from Etherscan, Bituniverse,, and Peckshield, presents that the exchange held by Coinbase in reserve has the most Bitcoin (BTC) which is 853,530 BTC.

According to the Glassnode data, Minor holdings dipped to negative on Feb. 5, 2022. This happened for the first time in Two months. Also, shows that somewhere around 1.86 million bitcoins are held by mining entities.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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