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Exchanges' Bitcoin Reserves Fall To A Near Three-Year Low

Mary Liu

Summary: CryptoQuant data shows that as of June 19, crypto exchanges' Bitcoin reserves (the total amount of Bitcoin available to exchanges) have fallen to a three-year low of 2,825,703 BTC.  In January 2024, the Bitcoin balance of the trading platform hovered around 3,039,000. Low reserves indicate low selling pressure and potential supply shocks.

CryptoQuant data shows that as of June 19, crypto exchanges' Bitcoin reserves (the total amount of Bitcoin available to exchanges) have fallen to a three-year low of 2,825,703 BTC. 

In January 2024, the Bitcoin balance of the trading platform hovered around 3,039,000. Low reserves indicate low selling pressure and potential supply shocks.

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