Bitcoin

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<ul class="news-points"> 
 <li><strong>On-chain data shows that the Bitcoin exchange supply has dropped to its 2017 level.</strong></li> 
 <li><strong>Centralized crypto exchanges hold less than 12.5% of Bitcoin’s circulating supply.</strong></li> 
 <li><strong>The drop in Bitcoin exchange supply began in 2020, after the third Bitcoin halving.</strong></li> 
</ul> 
<p>Data from Roots, the Bitcoin on-chain and cycle analyst, shows that the Bitcoin exchange supply has dropped to its 2017 level. According to Roots, <a href="https://coinedition.com/what-is-a-cryptocurrency-exchange-how-does-it-work/">centralized crypto exchanges (CEX)</a> hold less than 12.5% of Bitcoin’s circulating supply, and chances are institutions with over $10 trillion in assets under management (AUM) may be coming after that.</p> 
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   <p lang="en" dir="ltr">WTF happened to exchanges? <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> <a href="https://t.co/AGQpbBGXwm" target="_blank" rel="nofollow">https://t.co/AGQpbBGXwm</a> <a href="https://t.co/SkRFmQOa5Y" target="_blank" rel="nofollow">pic.twitter.com/SkRFmQOa5Y</a></p>— Root 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f955.png" alt="🥕" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@therationalroot) <a href="https://twitter.com/therationalroot/status/1673820704544833536?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 27, 2023</a>
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<p>Additional data from Roots showed the drop in Bitcoin exchange supply began in 2020, after the third Bitcoin halving. That period coincides with the launch of multiple Bitcoin ETFs and several institutional investors in the crypto industry. Such a development suggests that institutional holders, via ETFs, may be responsible for the large number of Bitcoins held outside <a href="https://coinedition.com/review/crypto-exchanges/">crypto exchanges</a>.</p> 
<p>Most AUMs are long-term investments. They are unde…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/bullish-signal-as-the-bitcoin-exchange-supply-drops-to-2017-lows/">Bullish Signal as The Bitcoin Exchange Supply Drops to 2017 Lows</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Bullish Signal as The Bitcoin Exchange Supply Drops to 2017 Lows

Coin Edition

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