Bitcoin Exchange Balances Hit 5-Year Low: Binance and Coinbase See Major Outflows, Indicating Long-Term Holding Strategies
Bitcoin Exchange Balances Decline to Five-Year Low Onchain Highlights Balances on exchanges are the total amount of coins held on exchange addresses. Bitcoin’s balance on exchanges has continued its downward trend, reaching a significant low. As of the latest data, the total balance on exchanges has dropped below 2.3 million BTC, a level not seen…