Bitcoin Exchange Supply Drops to 5.38%
Bitcoin’s supply on exchanges is moving into self-custody due to diminishing exchange reputation, according to Santiment, a market intelligence platform. The ten largest Tether exchange wallets hold $15.23 billion, bringing the exchange buying power to its highest level in 17 months.
Bitcoin’s overall supply on exchanges is down to 5.38%, its lowest value since December 2017. The top 10 largest USDT exchange wallets hold the highest Tether holding of $15.23 billion since June 2022.
(With inputs from Shikha Singh)
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