exchanges

On-chain data show that centralized exchanges now hold only a small fraction of Bitcoin’s total supply, Analytics firm CoinGlass reports that about 2.1 million BTC were on exchanges as of late November 2025 – roughly 400,000 BTC (≈2% of circulation) less than a year earlier. In other words, roughly 90% of all mined BTC is not sitting on exchanges (a low not seen since 2019)
Santiment notes that this steady outflow is historically a bullish signal – “the less coins on exchanges, the less likely we’ve historically seen a major sell-off” Much of the withdrawn supply has moved into cold storage, ETFs, or corporate treasuries, creating a “supply squeeze” for spot markets.
Indeed, BitcoinTreasuries data show that combined holdings of U.S. spot ETFs and public companies now exceed all exchange reserves, underscoring the shift toward long-term custody.

Based on on-chain analytics, the largest BTC reserves remain on Coinbase and Binance. For example, CoinGlass (Nov 2025) estimates total BTC on exchanges at ~2.11M

The top individual exchanges hold on the order of hundreds of thousands of BTC (approximate values):
Coinbase (Pro): ~793,700 BTC
Binance: ~650,400 BTC
Bitfinex: ~424,900 BTC
Kraken: ~145,800 BTC
OKX: ~122,800 BTC
Gemini: ~112,100 BTC
(others like Bybit, Bitstamp, etc. hold much smaller amounts)
These figures come from clustered on-chain wallet labels and exchange disclosures (via CoinGlass data) Overall, total BTC on CEXs is now near its lowest level in years!

Implications: The declining exchange balance suggests shrinking liquid supply available for quick selling. With so much Bitcoin off exchanges (in cold or institutional custody), any large buy demand (e.g. ETF inflows or whale buys) can have outsized price impact.
In short, a multi-year low on-exchange supply tightens market liquidity and supports higher prices over the long run. Traders and investors should note the trend toward self-custody and institutional accumulation – it means less immediate sell pressure from exchanges, and underscores that Bitcoin’s price drivers are increasingly ETF flows and long-term holders rather than short-term trading.


Sources: On-chain analytics from CoinGlass and Santiment (as reported by CoinMarketCap) These show current exchange balances and flows, and the broad market context (institutional vs. exchange custody)
#crypto #BTC走势分析 #exchanges #MarketSentiments

📅 Fevral 6 - Cənubi Koreya | Sadə bir tanıtım tədbiri kimi görünən şey, son dövrlərdəki kripto bazarında ən surreal epizodlardan birinə çevrildi. Cənubi Koreyanın ən iri birjalarından biri olan Bithumb, bəzi istifadəçilərə bitcoin göndərərək BTC qiymətinin kəskin düşməsinə, hesabların dondurulmasına və maliyyə orqanlarının dərhal müdaxiləsinə səbəb oldu.

📖Hadis “Təsadüfi Qutu” tədbiri zamanı baş verdi, burada Bithumb 50,000 Koreya vonuna qədər mükafatlar verməyi planlaşdırırdı. Yerli xəbərlərə görə, yalnız 2,000 von (təxminən 1.36$) almalı olan bəzi istifadəçilər 2,000 BTC, o vaxt üçün təxminən 139 milyon $-a bərabər olan BTC aldılar.

CEX-lər
GT (Gate.io): Yuxarı 32.9% 🚀 - Bu rübün tam çempionu!
LEO (Bitfinex): Yuxarı 9.7%
WBT (WhiteBIT): Yuxarı 13.8%
KCS (KuCoin): Yuxarı 0.8%
OKB (OKX): Aşağı 3.6% 🔻
BNB (Binance): Aşağı 4.9% 🔻 Gözlə, $BNB düşdü?
BGB (Bitget): Aşağı 23.1% 🔻
CRO (Crypto.com): Aşağı 29.9% 🔻

DEX-lər
XLM (Stellar): Aşağı 36.6% 🔻- Bu dəfə stellar deyil.
$CAKE (PancakeSwap): Aşağı 29.8% 🔻 - Pancakelar başa çevrildi.
$JUP (Jupiter): Aşağı 56.2% 🔻 - Jupiter bir meteordan daha sərt düşdü.