Bitcoin reserves on exchanges reach unprecedented lows since July 2018

Since March 2020, the number of Bitcoin held on exchanges has decreased from 3.15 million to 2.4 million

Bostan Andrei
3 min readJul 9, 2022
Photo by Thomas Lefebvre on Unsplash

Crypto bear markets are known to be painful, but June was particularly difficult for crypto investors, as several factors led to a 37.9% drop in the Bitcoin (BTC) price. monthly since 2011.

As a result of the widespread weakness, most so-called Bitcoin “tourists” have now left the space, leaving only the most dedicated owners, according to blockchain analysis firm Glassnode.

Despite Bitcoin’s ongoing struggles and the fact that investors are currently facing the most difficult bear market in the industry’s history, several values suggest that the outlook is not as dire as some predict, and the crypto market holders’ base remains strong.

More and more Bitcoin is leaving the exchanges

Lately, investors have withdrawn their BTC from frantic exchanges. The collapse of the Earth ecosystem, the potential bankruptcy of Celsius, and the implosion of Three Arrows Capital are a clear reminder that cryptocurrencies must be stored in a cold wallet.



Bostan Andrei

I'm a guy who loves to share his thoughts and stories. I also love drinking coffee.