Bitcoin Exchange Balances at 6-Year Low as Bull Market Speeds Up ⋆ ZyCrypto
The post Bitcoin Exchange Balances at 6-Year Low as Bull Market Speeds Up ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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  Bitcoin’s exchange deposits are currently hovering around 6-year lows as the bull market enters its final stage. The largest cryptocurrency by market capitalization has recently posted a new All-time High (ATH) above $125k and has been looking increasingly bullish this quarter. It has posted a new high weekly close ever in its history as well. Why Do Bitcoin Exchange Deposits Matter? Centralized cryptocurrency exchanges like Binance, Bitget, Bitfinex, Coinbase, Bitstamp, and others hold a large portion of the BTC in circulation. It is typically worth millions of BTC or hundreds of billions of dollars. When there is an increasing influx of BTC into exchanges, it usually indicates increasing selling activity that can bring the spot price down. On the other hand, if the exchange balances are depleting, the situation points to an increased buying activity that can drive the spot price upwards. According to a popular crypto exchange balance reporter on X, the exchange balances are now the lowest they have ever been in the last 6 years. They tweeted: “SIX YEARS LOW 2,861,359 $BTC (-18,896 in 24h)” Advertisement
  These record-low exchange reserves were probably a big catalyst in propelling the premier digital currency to new ATH at the end of last week. BTC Exchange-Bitcoin/USD Correlation Here is the relationship between the BTC spot price and exchange reserves for the last 10 years: Image Source: Macromicro.me The correlation graph shows that when the exchange reserves plummet hard, the Bitcoin price index jumps upwards, sometimes with a delay. Overall, exchange reserves have been trending largely downward for a better part of the last 2 years, while Bitcoin/USD has continued to trend upwards. We have already gone below 5-year lows and are currently hovering near 6-year lows. This is great news for the bullish cause, as…
Filed under: News - @ October 11, 2025 12:28 pm