Bitcoin exchange balance dips to lowest since 2018 as market shifts to HODLing The balance of Bitcoin exchanges has reached its lowest point since 2018 as the market trend shifts towards holding onto coins for the long term.
A significant change in investor behavior has been observed since mid-March 2020, with a noticeable decrease in the amount of Bitcoin being held in exchange wallets. At that moment, more than 17% of the overall supply of Bitcoin was being held on exchange platforms, reaching an all-time high. The trend of decreasing exchange balances has continued without interruption, even during Bitcoin’s bullish period in 2021.