Bitcoin (BTC) Drops Below $92K But Supply Keeps Shrinking
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Bitcoin (BTC) is trading at approximately $91,700, down 2% in 24 hours but up 4% over the week. The percentage of Bitcoin held on exchanges has decreased to 13.7%, the lowest level since 2018, with Binance holding only 3.2%. This trend indicates that holders are not preparing to sell, suggesting long-term accumulation.
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Bitcoin (BTC) is trading at near $91,700 at press time, down almost 2% in the last 24 hours. Over the past week, it has gained 4%. The focus now is shifting from short-term price swings to what’s happening with supply on exchanges. Fewer coins are being held on trading platforms, even as the price stays near $92,000.
Exchange Supply Hits Lowest Levels Since 2018
The share of Bitcoin held on exchanges has dropped to around 13.7%, the lowest since 2018. Binance holds only 3.2% of the total supply, based on recent on-chain data. According to CryptosRus, this is part of a multi-year trend, not a temporary shift. Fewer inflows suggest holders are not preparing to sell.
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