Since 2018, as long as Bitcoin has been rising in prices, the amount of digital currencies accumulated in various cryptocurrency exchanges has been declining constantly. Today, that metric is at its lowest level since that year.
As can be seen in the next graph of macromicro companies, there are currently 2.4 million bitcoins accumulated on exchanges. The numbers are the same as those seen in August 2018.
By definition, the BTC balance metric for exchanges refers to the total amount of Bitcoin stored in the direction controlled by a particular exchange. It represents the total holdings that the platform can be used for a variety of purposespromoting operations, retracting, managing user balance, etc.
As a general rule, when there are large investors such as institutions and whales, your balance increases. They start depositing BTC with willingness to sell themgenerates important pressure on assets.
Will Bitcoin prices be uploaded?
In that order of ideas, you might believe that there is no sales pressure as the volume of BTC on the exchange has declined at least seven years ago, and as a result, it could drive escalation of the price of digital currency. But this is not the case.
GlassNode, a company that analyzes decentralized networks, explained that although it has softened since the end of August, it has not reversed the distribution of Bitcoin costs. This means that most BTCs holding the cohort are at levels below 0.5. It suggests that Bitcoin will “selling pressure will persist.”
«The owner group does not show a strong accumulation above 0.8. The market remains in a virtually neutral distribution regime,” the company said.
This denial is also shared by financial analyst Cauê Oliveira. A decrease in the amount of bitcoin in exchange is not a factor in increasing the price of assets Short or medium term.
“The amount of Bitcoin in today’s exchanges already offers ample liquidity, so anyone who wants to buy BTC can do it without compromising the depth of their order book. Plus, there are stronger market creators and institutional buyers who work through rough tables,” he said.
Oliveira stressed that there was a large liquidity pool in the market today, and unlike in past years, cryptocurrency exchanges dominated the market. “Currently, there are also reserves in short markets, investment funds, funds cited in stock markets (ETFs), liquidity suppliers, and more.”
Certainly, while the amount of Bitcoin exchanges is decreasing, The number of currencies managed by other entities has invaded in a prominent way in recent months.
To date, 3.7 million BTCs are managed by the institutional hands and by government, intelligent contracts and other organizations, according to data from Bitcointreasuries.
Oliveira added that the amount of BTC in exchange has been decreasing and now at least seven years ago, but Bitcoin has also gone, so the dollar value of these reserves continues to increase. In the diagram, BTC rose 1,540% from USD 7,000 in November 2018 to USD 115,000 in September 2025.
Therefore, experts have repeatedly said that there is certainly little BTC on the exchange, but “but that doesn’t mean that these platforms have little capital.” “Perhaps in the future we see the real effects of the offer shock on these platforms, but there are still years to come,” he concluded.