Bitcoin Supply on Exchanges Drops Below 2.5 Million BTC Amid Fifth Consecutive Week of Outflows, Hits 14.5% Seven-Year Low

Bitcoin supply on centralized exchanges has fallen to a new all-time low, dropping below 2.5 million BTC for the first time since August 2018. This marks the fifth consecutive week of net outflows from exchanges, driven in part by flows into spot ETFs and increased self-custody. The available Bitcoin supply on exchanges is now near seven-year lows at approximately 14.5% of total supply. Market observers interpret this sustained reduction in exchange reserves as indicative of growing long-term holding and a potential supply shock in the near future.