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Alex Dovbnya

Bitcoin Balances on Centralized Exchanges Fall to Lowest Level Since Late 2017

According to new on-chain data, the share of Bitcoin's circulating supply held on centralized exchanges has dropped to its lowest point since late 2017. After peaking in early 2020, this metric has been in a persistent decline as investors move coins into custody solutions and cold storage. With Bitcoin trading around $71,476 and exchange order books described as thin, even moderate demand could translate into higher price volatility.
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