Bitcoin: Exchange balances in free fall, what this really means

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Number everyone’s talking about: 209,000 BTC have disappeared from exchange wallets in six months. Translation? Investors are massively moving their bitcoins to personal wallets.

Total exchange reserves have dropped to around 1.21 million BTC—a historically low level. Meanwhile, the BTC price is fluctuating around $83,900, down 14% from its October 6 peak.

Why it’s interesting:

  • Fewer coins on exchanges = less liquidity for sellers
  • This is typically what happens before an uptick (holders are stocking up)
  • Major players have been moving their stacks off exchanges for months

The thing: Even though the price has pulled back, the consolidation trend continues. On-chain data (tracked by Santiment) shows long-term behavior—no mass panic selling.

Conclusion? The market is preparing for something, or at the very least, the true believers aren’t selling.

BTC2.55%
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