"Major Exchanges' Bitcoin Holdings Hit All-Time Low…Whales & Institutions Increase Long-Term Holdings"
Minseung Kang
Summary
- The Bitcoin reserves on centralized exchanges have reportedly hit an all-time low.
- Major investors are said to be transferring to non-custodial wallets and embarking on long-term holding.
- Bitcoin is experiencing a short-term bearish trend due to the US–China trade conflict.
Bitcoin (BTC) has been rapidly leaving centralized exchanges, with exchange-held reserves reaching an all-time low.
On the 31st (local time), Cointelegraph, a crypto-specialized media outlet, reported, "The amount of Bitcoin held by exchanges has once again marked an all-time low," adding, "This is a signal that major investors such as whales, institutions, and governments are transferring their assets to non-custodial storage for long-term holding."
Meanwhile, Bitcoin fell below the $104,000 level as US–China trade tensions reignited, and is showing a short-term bearish trend.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
