Bitcoin Exchange Reserves Fall To 2019 Levels As ETFs And Corporate Treasuries Accumulate

Bitcoin continues to trade below the $70,000 level as the broader crypto market navigates another period of heightened volatility. After several attempts to regain upward momentum, price action has remained unstable, reflecting ongoing uncertainty across global financial markets. Despite these short-term fluctuations, structural indicators suggest that bigger changes may be occurring beneath the surface of the Bitcoin market. Related Reading: The 31,900 Bitcoin Purge: Why March 4 Marked An Institutional Bitcoin Floor A recent report from CryptoQuant highlights a long-term trend that has been unfolding since 2022: a steady decline in the amount of BTC held on centralized exchanges. This shift accelerated following the collapse of FTX in November 2022, an event that si...