🚨Bitcoin Supply on Exchanges Plunges to a 5-Year Low 🚨

As of October 2024, #Bitcoin held on exchanges has dropped to just 2.6 million BTC—down from a peak of 3.3 million in July 2021. 📉 This is the lowest in over five years and signals a serious shift in investor behaviour

👀Bottom line? As exchange reserves shrink, demand spikes can easily trigger a major supply squeeze. Are we looking at Bitcoin’s next bull run setup?

Signal > Noise

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Discussion

Bulish as hell !

but I wonder if you are counting the coins under custody that Conbase holds into that equation

sorry, I meant the ones on ETFs and MSTR