Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism – Bitcoin News


The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.6 million BTC held on global trading platforms worldwide.

Data from a number of sources show that the bitcoin (BTC) held on exchanges has dropped to a low not seen in over a year. This statistic gives crypto proponents bullish optimism, as the last time BTC exchange balances were this low the price of bitcoin (BTC) jumped very close to the $13k range last summer.

As of July 30, 2020, according to Glassnode’s “Exchange Balance vs. Bitcoin: Price” stats, there are 2.6 million BTC on global exchanges.

Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism

The number of bitcoins
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