{"id":196618,"date":"2023-12-05T09:39:49","date_gmt":"2023-12-05T09:39:49","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196618"},"modified":"2023-12-05T09:39:49","modified_gmt":"2023-12-05T09:39:49","slug":"bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/","title":{"rendered":"Bitcoin (BTC) Supply on Exchanges Plummets to 5-Year Low: Key Insights"},"content":{"rendered":"<p>The supply of Bitcoin (BTC) on cryptocurrency exchanges has dwindled to its lowest point in half a decade, marking a substantial drop as investors increasingly withdraw their assets from these platforms. This reduction in Bitcoin holdings on exchanges coincides with a diminishing trust in crypto trading platforms, which have recently faced heightened regulatory scrutiny.<\/p>\n<p>According to Santiment, a leading crypto on-chain and social metrics platform, the overall supply of Bitcoin on exchanges has dropped to a mere 5.38%. This decline to the lowest level since December 2017 indicates a noteworthy shift in investor behaviour regarding the custody of their Bitcoin assets.<\/p>\n<h2><strong>Evidence and On-Chain Data<\/strong><\/h2>\n<p>Santiment&#8217;s on-chain analysis substantiates this trend, revealing a continuous movement of Bitcoin into self-custody. The platform&#8217;s recent post on November 29 highlighted this downward trajectory in Bitcoin supply on exchanges, citing investors&#8217; growing inclination towards self-custody solutions due to waning confidence in exchange reliability.<\/p>\n<p>This movement has been particularly pronounced following recent regulatory pressures on major crypto exchanges. The aftermath of the settlement between Binance and U.S. regulators and the SEC&#8217;s lawsuit against Kraken has seemingly amplified this trend. Investors appear to gravitate away from exchange custody amid concerns over their credibility and regulatory compliance.<\/p>\n<h2><strong>Bitcoin vs. Tether Supply Dynamics<\/strong><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/lh7-us.googleusercontent.com\/-V_0quumoWQ6vE2pmRh10KS-sLqTqdCpQoL6uVxRVvehfKELS3S9HNR5KJxZtpGN7lbH_Q9CcFv2fbHElsFdEXoyee1rMhH9J3HDx4Ys9f9cyZzNnq-MrGcbCNtVqdEQ7JuyuXqpEIkAlZl7NLLYHx4\" alt=\"\"\/><\/p>\n<p>Interestingly, while Bitcoin exits exchanges, the ten largest exchange wallets holding Tether (USDT) have witnessed a surge, collectively accumulating $15.23 billion worth of the stablecoin. According to Santiment data, this increase in USDT holdings by exchanges marks a peak not seen in 17 months, illustrating a shift in power dynamics towards stablecoin liquidity within exchanges.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/zincable.com\/wp-content\/uploads\/2023\/10\/CB_AffiliateBanner_V3_728\u00d790.png\"><\/p>\n<h2><strong>Bitcoin Performance Amidst the Exodus<\/strong><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/lh7-us.googleusercontent.com\/VXn-tmpv5_L4OJWM58DenkANrD_VJW-xDMblnQj8rCMhnmsFycjm4a6pTRmdThwdK-GvLdUR9n32FyzWXiLEB1XAgeWlU6FwURPXK2qtiX4DnNK5AXbXhg7kD5Axp_Yjkf2hoXgT4xZJgXU2ocNfCCc\" alt=\"\"\/><\/p>\n<p>Despite this significant decrease in Bitcoin supply on exchanges, the cryptocurrency displayed a resilient performance in the market.<\/p>\n<p>\u00a0At the time of writing, Bitcoin was trading at $41,597, registering a -0.32 decline over the last 24 hours. According to the most recent charts, it increased by 9.11% over the prior month and 5.41% over the previous seven days.<\/p>\n<h2><strong>The Regulatory Context<\/strong><\/h2>\n<p>This decline in Bitcoin holdings on exchanges aligns with a trend that started in early June 2023, coinciding with the SEC&#8217;s actions against Coinbase for allegedly operating as an unregistered securities exchange. The regulatory landscape and intensified scrutiny appear to have prompted a shift in investor behaviour, favouring self-custody options over exchanges.<\/p>\n<p>The decline in Bitcoin supply on exchanges to a five-year low underscores the evolving dynamics between investors and cryptocurrency trading platforms amidst regulatory pressures, showcasing a growing preference for self-custody solutions and stablecoin holdings within exchanges.<\/p>\n<p>Source: <a href=\"https:\/\/zycrypto.com\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The supply of Bitcoin (BTC) on cryptocurrency exchanges has dwindled to its lowest point in&#8230;<\/p>\n","protected":false},"author":4,"featured_media":196617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin (BTC) Supply on Exchanges Plummets to 5-Year Low: Key Insights - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin (BTC) Supply on Exchanges Plummets to 5-Year Low: Key Insights - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"The supply of Bitcoin (BTC) on cryptocurrency exchanges has dwindled to its lowest point in...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-05T09:39:49+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/12\/Bitcoin-BTC-Supply-on-Exchanges-Plummets-to-5-Year-Low-Key-Insights-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/\",\"url\":\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/\",\"name\":\"Bitcoin (BTC) Supply on Exchanges Plummets to 5-Year Low: Key Insights - Tokens Talk\",\"isPartOf\":{\"@id\":\"https:\/\/tokenstalk.info\/#website\"},\"datePublished\":\"2023-12-05T09:39:49+00:00\",\"dateModified\":\"2023-12-05T09:39:49+00:00\",\"author\":{\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\"},\"breadcrumb\":{\"@id\":\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tokenstalk.info\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin (BTC) Supply on Exchanges Plummets to 5-Year Low: Key Insights\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tokenstalk.info\/#website\",\"url\":\"https:\/\/tokenstalk.info\/\",\"name\":\"Tokens Talk\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tokenstalk.info\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin (BTC) Supply on Exchanges Plummets to 5-Year Low: Key Insights - Tokens Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin (BTC) Supply on Exchanges Plummets to 5-Year Low: Key Insights - Tokens Talk","og_description":"The supply of Bitcoin (BTC) on cryptocurrency exchanges has dwindled to its lowest point in...","og_url":"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/","og_site_name":"Tokens Talk","article_published_time":"2023-12-05T09:39:49+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/12\/Bitcoin-BTC-Supply-on-Exchanges-Plummets-to-5-Year-Low-Key-Insights-.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/","url":"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/","name":"Bitcoin (BTC) Supply on Exchanges Plummets to 5-Year Low: Key Insights - Tokens Talk","isPartOf":{"@id":"https:\/\/tokenstalk.info\/#website"},"datePublished":"2023-12-05T09:39:49+00:00","dateModified":"2023-12-05T09:39:49+00:00","author":{"@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab"},"breadcrumb":{"@id":"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tokenstalk.info\/bitcoin\/bitcoin-btc-supply-on-exchanges-plummets-to-5-year-low-key-insights\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tokenstalk.info\/"},{"@type":"ListItem","position":2,"name":"Bitcoin (BTC) Supply on Exchanges Plummets to 5-Year Low: Key Insights"}]},{"@type":"WebSite","@id":"https:\/\/tokenstalk.info\/#website","url":"https:\/\/tokenstalk.info\/","name":"Tokens Talk","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tokenstalk.info\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/196618"}],"collection":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/comments?post=196618"}],"version-history":[{"count":0,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/196618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media\/196617"}],"wp:attachment":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media?parent=196618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/categories?post=196618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/tags?post=196618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}