Bitcoin balance on exchanges sees further decline

The global BTC exchange balance declines further, reaching a new three-year low after seeing a 27,500 BTC decline in the last week.
Source: Glassnode

The balance on exchanges has declined to 2.44 million BTC, marking a new three-year low after falling 27,500 BTC in the last seven days. 2.44 million BTC is equal to 12.94% of the circulating supply. Relative to the circulating supply, the bitcoin balance at exchanges sits at levels not seen since January 2018.

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