Bitcoin Exchange Balances Fall to 1.8M BTC, Lowest Since 2017
Bitcoin held on centralized exchanges declined to approximately 1.8 million BTC, the lowest level since 2017, data from CryptoQuant and Glassnode show. Timothy Misir, research director at BRN Research, said Bitcoin's realized cap continues to show positive monthly growth, indicating fresh capital inflows despite the market trading within a consolidation range. Fundamentals are improving steadily with accumulation ongoing, exchange supply declining, and prices holding above realized mean levels, though the market remains range-bound between $96,000 and $106,000, Misir added.