Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Current consolidation will not prevent XRP from growing

2025-05-17

Bitcoin all surpassed in 2025, says the official report of the Russian Central Bank

2025-05-17

SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

2025-05-17
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

    2025-05-17

    Rideshare Company Lyft taps bee cards for decentralized mapping data

    2025-05-17

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-16

    DAC platform and M3 DAO partner to bridge web3 and real-world ecosystems

    2025-05-16

    Hoskinson of Cardano rejects crypto -tribalism, reveals new details about massive ‘glacier drop’

    2025-05-16
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US senators make potential progress on Stablecoin bill in the midst of partisan negotiations: report

    2025-05-16

    American chairman Jerome Powell warns of future inflation, says that the economy could introduce a period of more frequent supply shocks

    2025-05-16

    Chainlink praises the guidelines of SEC and sets the stage for crypto integration in institutional finances

    2025-05-16

    Revised Genie Stablecoin Bill to Senate, Bars Big Tech from publishing tokens

    2025-05-16

    Coinbase confirms that the SEC Sun from Biden era on ‘verified users’ is still ongoing

    2025-05-15
  • Analysis

    Current consolidation will not prevent XRP from growing

    2025-05-17

    Billionaire Warren Buffett dumps $ 3,230,000,000 from Berkshire’s exposure to Citigroup, Bank of America and Capital One after leaving Wells Fargo, JPMorgan Chase

    2025-05-17

    Crypto heats up, $ 35 billion comes into the market in less than a month

    2025-05-17

    Analyst says that Top-20 Altcoin is ready to explode with 85%+ ultimately, Outlook works on Bitcoin and Dogwifhat at

    2025-05-16

    Bitcoin -price looks up – does the next leg be higher?

    2025-05-16
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Bitcoin reserves on exchanges near six-year lows, good for the price?
Altcoins

Bitcoin reserves on exchanges near six-year lows, good for the price?

2023-09-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) is owned by leading crypto exchanges such as Coinbase, Binance and Kraken near a six-year low, according to CryptoQuant data from September 20.

The contraction came as the broader market stabilized after sharp losses in most of August and the first half of September. As of September 20, BTC prices are still below $30,000, but there has been significant sideways movement in recent weeks.

Bitcoin Exchange Reserve: CryptoQuant
Bitcoin exchange reserves are declining. Source: CryptoQuant

Bitcoin reserves on exchanges are falling

According to trackers, exchanges control 2.09 million BTC as of writing. In total, the Bitcoin network will issue 21 million coins.

However, in 2023 there are more than 19.7 million in circulation, and government companies such as Tesla – the electric car manufacturer – and MicroStrategy – the business intelligence company – have filled up. Generally, entities can hold cryptocurrencies in non-custodial wallets or exchanges such as Binance or Coinbase.

Exchanges offer custodial wallets where users can store their coins for trading or even HODL. Users who hold their coins on exchanges can easily exchange them for USDT or other altcoins. As mentionedthe number of coins held on exchanges continues to decline – which, while it may seem bullish at first glance, does not necessarily mean prices will recover.

Typically, the outflow of coins from exchanges can indicate an improving market and the expectation of price increases. However, given the current regulatory environment, traders and Bitcoin holders may prefer to take control of their coins when fear strikes.

Accordingly, more and more holders are securing their coins in their non-custodial wallets as a protective measure, which may explain declining Bitcoin exchange reserves.

See also  Can BTC rely on this historic support again?
Bitcoin price on September 20 |  Source: BTCUSDT on Binance, TradingView
Bitcoin price on September 20 | Source: BTCUSDT on Binance, TradingView

SEC, regulators are strict about the stock exchanges

The number of Bitcoins held on exchanges has fallen over the course of 2022, but appeared to have fallen more rapidly in late 2022. Around that time, FTX, a popular crypto exchange, collapsed, freezing billions in customer funds.

Outflows slowed in the first quarter of 2023 after the collapse of some regional banks in the United States, but have continued to decline since then. The dip can be attributed to the bear market, but mainly because the US Securities and Exchange Commission (SEC) is cracking the whip on Binance and Coinbase, accusing them of non-compliance.

In June, Binance and Coinbase were sued by the SEC. The regulator alleged that the two exchanges were issuing unregistered securities, citing some such as Cardano (ADA) as examples.

Amid this crackdown, Binance US became a focal point. Since then, there have been major layoffs and business disruptions. Binance US trading volume is now down by more than 95%.

Feature image from Canva, chart from TradingView

Source link

Bitcoin Exchanges Good Lows Price Reserves sixyear
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP is confronted with pressure in the midst of Bitcoin -Liquidity Crunch – will $ 3 be within reach?

2025-05-17

Bitcoin ETF allocations fall in Q1 – Is institutional trust fade?

2025-05-17

Bitcoin hits $ 103k, but long-term holders still not convinced?

2025-05-17

These five cryptos could steal Bitcoin’s attention because they will focus on 16,900% rallies next year

2025-05-17
Add A Comment

Comments are closed.

Top Posts

Someone just bought a CryptoPunks NFT for $16 million in Ethereum

2024-03-04

Solid BTC purchases – Data on chains reveal large settings that Bitcoin Laden

2025-04-04

Bitcoin: Why a Move to $30,000 Is More Plausible Than a Drop Below $29,000

2023-10-20
Editors Picks

HoloTile: Disney’s breakthrough in improving VR mobility

2024-01-24

OFAC keeps developers in sight despite the removal of Tornado money

2025-04-15

XRP price bounces above $0.50 as markets turn red

2024-11-04

Top NFT collections by sale this week: DMarket surges ahead

2024-08-11

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Current consolidation will not prevent XRP from growing

Bitcoin all surpassed in 2025, says the official report of the Russian Central Bank

SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,016.94-0.80%
  • ethereumEthereum(ETH)$2,486.64-5.07%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.37-2.33%
  • binancecoinBNB(BNB)$642.25-2.15%
  • solanaSolana(SOL)$168.39-2.57%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216816-5.29%
  • cardanoCardano(ADA)$0.77-1.50%
  • tronTRON(TRX)$0.268568-1.95%
  • suiSui(SUI)$3.79-2.68%
  • chainlinkChainlink(LINK)$15.39-6.11%
  • avalanche-2Avalanche(AVAX)$22.84-4.04%
  • stellarStellar(XLM)$0.289207-3.01%
  • hyperliquidHyperliquid(HYPE)$26.870.27%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.62%
  • unus-sed-leoUNUS SED LEO(LEO)$8.930.76%
  • hedera-hashgraphHedera(HBAR)$0.191911-4.11%
  • bitcoin-cashBitcoin Cash(BCH)$397.34-0.35%
  • the-open-networkToncoin(TON)$3.07-2.15%
  • litecoinLitecoin(LTC)$99.90-0.36%
  • polkadotPolkadot(DOT)$4.70-4.46%
  • moneroMonero(XMR)$335.77-1.45%
  • bitget-tokenBitget Token(BGB)$4.96-1.12%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-7.49%
  • piPi(PI)$0.70-19.09%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$421.27-4.24%
  • uniswapUniswap(UNI)$5.90-7.24%
  • aaveAave(AAVE)$225.20-7.45%
  • nearNEAR Protocol(NEAR)$2.76-6.43%
  • aptosAptos(APT)$5.13-5.02%
  • okbOKB(OKB)$53.12-1.42%
  • kaspaKaspa(KAS)$0.114650-5.59%
  • ondo-financeOndo(ONDO)$0.92-7.22%
  • ethereum-classicEthereum Classic(ETC)$18.35-5.09%
  • internet-computerInternet Computer(ICP)$5.22-5.20%
  • gatechain-tokenGateToken(GT)$21.43-1.18%
  • crypto-com-chainCronos(CRO)$0.098086-2.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.55-3.42%
  • mantleMantle(MNT)$0.73-2.60%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232720-4.05%
  • vechainVeChain(VET)$0.027979-6.06%
  • render-tokenRender(RENDER)$4.58-6.66%
  • ethenaEthena(ENA)$0.371450-2.26%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • algorandAlgorand(ALGO)$0.218661-5.03%
  • filecoinFilecoin(FIL)$2.81-6.31%
  • cosmosCosmos(ATOM)$4.77-4.12%
  • bitcoinBitcoin(BTC)$103,016.94-0.80%
  • ethereumEthereum(ETH)$2,486.64-5.07%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.37-2.33%
  • binancecoinBNB(BNB)$642.25-2.15%
  • solanaSolana(SOL)$168.39-2.57%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.216816-5.29%
  • cardanoCardano(ADA)$0.77-1.50%
  • tronTRON(TRX)$0.268568-1.95%
  • suiSui(SUI)$3.79-2.68%
  • chainlinkChainlink(LINK)$15.39-6.11%
  • avalanche-2Avalanche(AVAX)$22.84-4.04%
  • stellarStellar(XLM)$0.289207-3.01%
  • hyperliquidHyperliquid(HYPE)$26.870.27%
  • shiba-inuShiba Inu(SHIB)$0.000014-5.62%
  • unus-sed-leoUNUS SED LEO(LEO)$8.930.76%
  • hedera-hashgraphHedera(HBAR)$0.191911-4.11%
  • bitcoin-cashBitcoin Cash(BCH)$397.34-0.35%
  • the-open-networkToncoin(TON)$3.07-2.15%
  • litecoinLitecoin(LTC)$99.90-0.36%
  • polkadotPolkadot(DOT)$4.70-4.46%
  • moneroMonero(XMR)$335.77-1.45%
  • bitget-tokenBitget Token(BGB)$4.96-1.12%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-7.49%
  • piPi(PI)$0.70-19.09%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$421.27-4.24%
  • uniswapUniswap(UNI)$5.90-7.24%
  • aaveAave(AAVE)$225.20-7.45%
  • nearNEAR Protocol(NEAR)$2.76-6.43%
  • aptosAptos(APT)$5.13-5.02%
  • okbOKB(OKB)$53.12-1.42%
  • kaspaKaspa(KAS)$0.114650-5.59%
  • ondo-financeOndo(ONDO)$0.92-7.22%
  • ethereum-classicEthereum Classic(ETC)$18.35-5.09%
  • internet-computerInternet Computer(ICP)$5.22-5.20%
  • gatechain-tokenGateToken(GT)$21.43-1.18%
  • crypto-com-chainCronos(CRO)$0.098086-2.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.55-3.42%
  • mantleMantle(MNT)$0.73-2.60%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232720-4.05%
  • vechainVeChain(VET)$0.027979-6.06%
  • render-tokenRender(RENDER)$4.58-6.66%
  • ethenaEthena(ENA)$0.371450-2.26%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • algorandAlgorand(ALGO)$0.218661-5.03%
  • filecoinFilecoin(FIL)$2.81-6.31%
  • cosmosCosmos(ATOM)$4.77-4.12%