🚨🚨 Less
$BTC on Exchanges Than Any Time Since 2017. Let That Sink In.
Only 5.8% of Bitcoin's total supply now sits on centralized exchanges — the lowest level since November 2017. BitDegree
This isn't noise. This is a structural shift years in the making.
Three forces are quietly draining exchange reserves:
1. Self-custody wave — Post-FTX trauma never fully healed. Holders keep moving coins to cold wallets. Trust in CEXs is gone for a generation of investors.
2. ETF absorption — Spot Bitcoin ETFs are absorbing 450 BTC daily BitDegree while issuance sits at roughly the same level. Demand is eating supply in real time.
3. Corporate treasuries — Companies now hold around 1.1 million BTC on their balance sheets — roughly 5% of circulating supply Binance — and none of it is coming back to exchanges anytime soon.
Less
$BTC on exchanges = less immediate sell pressure. When demand returns, there simply won't be enough coins to go around.
Supply shock doesn't announce itself. It just happens.
Not financial advice. DYOR.
#bitcoin #BTC #CryptoNews #SupplyShock $BTC