Bitcoin’s Exchange Supply Drops to 7-Year Low, Signaling Long-Term Confidence and Institutional Interest

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Bitcoin (BTC) is still showing the signs of maturity and growing resilience. The amount of Bitcoin held on exchanges is now at an all-time low of just 7.53%. The last time it was at a level this low was February 20, 2018.  Not only is this a low amount of Bitcoin on exchanges, but the actual amount of Bitcoin on exchanges has also gone down. This signals that not only are long-term holders holding their Bitcoin, but it also reinforces the notion that there is an increasing trust in the Bitcoin network. All of this makes sense when seen through

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