BTC and ETH Balances on Centralized Exchanges Drop to Multi-Year Lows
2026-07-09 08:44
Odaily Odaily reports that the balances of Bitcoin and ether on centralized exchanges have fallen to multi-year lows. Analysts say that as a large amount of crypto assets have shifted to institutional custody, ETFs, DeFi protocols, and other on-chain uses, the reliability of this metric as a price signal has declined. At the same time, an increasing amount of Bitcoin and ether is being locked up by companies seeking long-term price appreciation. (CoinDesk).
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