24,000 BTC Exit Exchanges in Largest Daily Outflow Since Seven Months

Key Facts

1Nearly 24,073 BTC left exchanges in a single day, marking the largest net daily withdrawal in seven months.

2Bitcoin reserves on exchanges fell to 6.50% of total supply, reducing the amount available for sale on the market.

Nearly 24,073 BTC left cryptocurrency exchanges in a single day, marking the largest net daily withdrawal in seven months. According to crypto-economy.com, Bitcoin reserves on exchanges fell to 6.50% of the total supply, significantly reducing the amount of liquid assets available for sale on the market.

The movement suggests large-scale accumulation by major holders moving assets to cold storage, potentially creating a supply crunch. This trend reflects a continued reduction in exchange liquidity as reserves hit multi-month lows amid ongoing accumulation activity.