Bitcoin Exchange Balances Fall Below 2.9 Million Amid ETF Custody and Institutional Accumulation Trends
The post Bitcoin Exchange Balances Fall Below 2.9 Million Amid ETF Custody and Institutional Accumulation Trends appeared on BitcoinEthereumNews.com.
Bitcoin’s exchange-held supply has dropped below 2.9 million BTC, signaling a significant shift toward long-term holding and institutional custody. Institutional treasury firms and ETF custody wallets are major contributors to this decline, reflecting growing confidence in Bitcoin’s future value. According to COINOTAG, this trend underscores a potential supply squeeze that could influence Bitcoin’s market dynamics in the coming months. Bitcoin exchange balances fall below 2.9M as institutional accumulation and ETF custody rise, hinting at a potential supply squeeze and stronger long-term holding trends. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Institutional Accumulation Drives Bitcoin Exchange Outflows Bitcoin’s circulating supply on centralized exchanges has fallen to its lowest level since 2019, dropping below 2.9 million BTC. This decline is largely driven by institutional investors and treasury firms who have been actively moving large quantities of Bitcoin into cold storage and custody wallets. Since April, over 100,000 BTC have been acquired by such entities, reflecting a strategic shift from short-term trading to long-term holding. This trend is reinforced by recent purchases from high-profile companies like Michael Saylor’s MicroStrategy, ProCap Financial, and GameStop, which have collectively contributed to the ongoing reduction of Bitcoin available on exchanges. The movement of coins off exchanges reduces immediate sell pressure and may support price stability or appreciation. ETF Custody Wallets Significantly Impact Bitcoin Supply The rise of Bitcoin Exchange-Traded Funds (ETFs) has introduced a new…
