What to Know Bitcoin exchange reserves have dropped by approximately 130,000 BTC since February, bringing total holdings across centralized exchanges to 2.67 million. Bitcoin has recovered to
Bitcoin exchange reserves have dropped by approximately 130,000 BTC since February, bringing total holdings across centralized exchanges to 2.67 million.
Bitcoin has recovered toward $82,500 despite declining exchange balances, suggesting fewer coins remain readily available for trading across centralized platforms.
CryptoQuant analyst Rei Researcher believes stronger buying demand and reduced exchange supply could support Bitcoin’s potential for sustained price growth.
Bitcoin holdings across centralized exchanges have dropped by approximately 130,000 BTC, reducing the supply available for trading despite recovering prices. According to CryptoQuant analyst Rei Researcher, exchange reserves have fallen to approximately 2.67 million BTC, while Bitcoin trades near $82,500.
The decline represents a 4.64% reduction from February’s estimated 2.8 million BTC, reflecting sustained withdrawals throughout several months of market volatility. At current reported prices, the 130,000 BTC reduction carries an estimated market value of $10.73 billion.
CryptoQuant data shows that exchange balances reached approximately 2.8 million BTC in February, when Bitcoin traded near $90,000. Reserves subsequently declined through March and April as the cryptocurrency experienced considerable price fluctuations.
By late April, exchange holdings had approached 2.67 million BTC, marking a substantial reduction from earlier levels. Balances briefly recovered during June and August before another decline pushed reserves toward their lowest levels.
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The latest reserve contraction has occurred alongside Bitcoin’s recovery from its midyear price weakness, creating a notable divergence between both indicators. CryptoQuant’s chart shows Bitcoin approaching $60,000 around late June and early July before recovering toward $82,500 in October.
Meanwhile, exchange reserves moved lower despite improving prices, suggesting that holders have not significantly increased their exchange balances during the recovery. Rei Researcher highlighted this pattern as an important developmen
Source: CrptoQuant
t for Bitcoin’s supply conditions across centralized trading platforms.
According to the analyst, declining exchange balances may indicate transfers into private wallets or custody arrangements outside centralized exchanges. Such movements can reduce the amount of Bitcoin immediately available for trading, particularly when investors retain assets outside exchange platforms.
Lower exchange reserves can influence market liquidity when buying demand strengthens without a corresponding increase in available selling supply. The analyst identified this potential imbalance as a factor that could support Bitcoin’s longer-term price performance.
Still, declining exchange balances do not necessarily confirm permanent withdrawals or eliminate selling activity across other trading channels. Institutional custody transfers and wallet movements can also affect reserve figures without directly representing changes in investor demand.
The latest figures place exchange holdings near 2.67 million BTC, compared with approximately 2.8 million BTC recorded in February. Bitcoin’s recovery toward $82,500 has therefore occurred alongside a measurable contraction in the supply held on centralized exchanges. Rei Researcher expects stronger buying demand, combined with limited exchange supply, to create favorable conditions for a sustained upward trend.
Bitcoin’s exchange reserve decline highlights changing supply conditions as prices recover from earlier market weakness. Further price gains would depend on stronger demand alongside the reduced exchange balances identified in CryptoQuant’s data.
Also Read: ICON (ICX) Price Prediction 2026–2030: Can ICX Hit $0.02 Soon?The post Bitcoin Exchange Reserves Drop 130,000 BTC as Analyst Signals Potential Supply Squeeze appeared first on 36Crypto.
