Fidelity: The Bitcoin supply on exchanges is dwindling and the trend will accelerate.

Fidelity's cryptocurrency subsidiary Fidelity Digital Assets wrote that the amount of Bitcoin on exchanges has decreased due to purchases by public companies.

The company stated in its assessment regarding the issue, "We predict that this trend will accelerate even more in the near future."

According to the information provided by Fidelity, there are 2 million 600 thousand BTC on the exchanges, and this level is the lowest since November 2018.

Additionally, since November 2024, in other words, over the last six months, more than 425 thousand BTC have been withdrawn from exchanges. Public companies, on the other hand, have purchased approximately 350 thousand BTC during the same period. Meanwhile, the average monthly purchases of these companies have been over 30 thousand BTC as of 2025.

According to experts, the decrease in Bitcoin supply on exchanges is an important indicator in terms of price. The withdrawal of the current BTC amount from exchanges reduces the available supply in the market, tightening liquidity. A decreasing supply at the same or higher demand levels generally creates upward pressure on prices. Additionally, long-term purchases by publicly traded companies reduce selling pressure and keep demand alive, supporting the potential for price increases in the medium and long term.

The largest cryptocurrency by market capitalization has recently gained strong upward momentum. The price is hovering around 93,600 dollars at the time this news was written.

Published: April 24, 2025 23:08Last Updated: April 24, 2025 23:14