Bitcoin exchange balances hit 3-year low

Odaily News CryptoQuant data shows that as of June 19, Bitcoin exchange reserves (the total amount of Bitcoin available on exchanges) have fallen to a three-year low of 2,825,703 BTC. In January 2024, the Bitcoin exchange balance hovered around 3,039,000. Low exchange reserves (sometimes referred to as exchange balances) indicate low selling pressure and potential supply shocks. (Cointelegraph)