Has #Bitcoin ever been this scarce on centralized exchanges (CEX)?


Exchange Reserve data indicates that the total value of bitcoin:native held on exchanges stands at approximately $175.7 billion—a drop of nearly 50% from the peak of nearly $340 billion seen in late 2025.
Liquid supply continues to contract as #Bitcoin is withdrawn from exchanges and moved to self-custody wallets.
-> This reduces the volume of bitcoin:native readily available for spot market trading, potentially easing sell pressure in the long term.
Although the pace is slower than in the 2021–2022 cycle, the scale of outflows from exchanges remains substantial.
-> Long-term holding behavior continues to dominate.
BTC0.07%
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