BTC On-Chain Analysis: Exchange Balances Continue Drying Up
In this article:
BeInCrypto –
A look at on-chain indicators for Bitcoin (BTC), more specifically those related to exchanges and institutional investors.
After a brief period in May in which exchange balances were increasing, they have started to dry up once more and reached a yearly low on Sept 26.
BTC Exchange balance
The total amount of BTC that is held on exchange wallets has been steadily moving downwards since March 2020, when an all-time high of 3,118,057 BTC (black arrow) was held in such addresses.
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