I wonder how many of those 2.3M are real Bitcoin on exchanges.
BREAKING: Illiquid #Bitcoin supply reached a new all time high of 15.2 million #Bitcoin this week, whilst exchange balances have fallen to the lowest levels since Jan 2018 at 2.3 million #Bitcoin. https://nostr.build/i/0ab2904999887701c82b70089292f31341681c315eec10915adbac504e00e3fc.webp
Discussion
This information is from Glass Node, so this is on-chain data being analyzed. If any of those are fake or paper Bitcoin then you should question your own stack as well.