Bitcoin Reserves on Exchanges Hit 5-Year Low With $5.96B Withdrawn in 30 Days. According to data from cryptoquant.com, bitcoin reserves on centralized exchanges have plummeted to a level not seen since Nov. 19, 2018. The amount of bitcoin held by these digital trading platforms has been steadily declining since early June 2022.
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*Bitcoin exchange reserves over the last 30 days according to cryptoquant.com metrics on Aug. 11, 2024.* 

 the reserves of Bitcoin on cryptocurrency exchanges have reached a 5-year low. Over the past month, starting from July 11, 2024, approximately 99,308 BTC, valued at $5.96 billion, have been withdrawn from exchanges . This significant withdrawal of Bitcoin from exchanges indicates a trend of decreasing exchange reserves 

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