Bitcoin (BTC): Börsenreserven sinken laut CryptoQuant auf 2,67 Millionen – Angebotsengpass | Crypto News and Tradfi News

Crypto News and Tradfi News - COINOTAG · 2026-10-13T18:59:01.000Z

• Die Bitcoin-Bestände auf Börsen sind seit Februar laut CryptoQuant-Daten von 2,8 Millionen auf 2,67 Millionen Coins gefallen • Bitcoin notierte bei etwa 83.485 US-Dollar, blieb innerhalb von 24 Stunden unverändert und legte innerhalb von 30 Tagen um 8 % zu • Rei Researcher zufolge könnte das geringe Börsenangebot ein Ungleichgewicht zwischen Angebot und Nachfrage schaffen, das einen Aufwärtstrend begünstigt Börsenreserven sinken auf 2,67 Millionen BTC Was ein CryptoQuant-Analyst auf der Blockchain erkennt, ist keine Chartformation, sondern ein Abfluss aus dem Ledger: Die Menge an Bitcoin (BTC) in Börsenwallets schrumpft stetig. Daraus leitet sich die These ab, dass das verkäufliche Angebot schneller knapper wird, als die Nachfrage nachlassen kann. Der Bitcoin-Kurs lag zuletzt bei 83.485 US-Dollar, blieb innerhalb von 24 Stunden unverändert und legte in den vergangenen 30 Tagen dennoch um 8 % zu. Dieser Anstieg folgte auf das beste Quartal der Kryptowährung seit Jahren. Der Kursanstieg im August und September hat mehrere Analysten dazu veranlasst, den Bärenmarkt für beendet zu erklären. Vor diesem Hintergrund zeigen die Zahlen des Unternehmens, dass die Bitcoin-Bestände auf Börsen seit Februar von 2,8 Millionen auf 2,67 Millionen Coins gefallen sind. Damit sind rund 130.000 Coins weniger kurzfristig für Trader verfügbar. Die Beobachtung wurde am Montag in einem Kurzbericht auf der Datenplattform veröffentlicht. Die zugrunde liegende Kennzahl, die Börsenreserven, misst die in den Wallets der Handelsplätze verwahrten Coins – also den Bestand, der innerhalb von Stunden statt erst nach Jahren auf den Markt kommen kann. Der Autor, der unter dem Namen Rei Researcher schreibt, beschreibt den Mechanismus direkt: Eine weiter steigende Kaufnachfrage bei gleichzeitig niedrigem Börsenangebot könnte laut Bericht „günstige Bedingungen für einen längerfristigen Aufwärtstrend“ schaffen. Der Bericht hebt außerdem einen aus seiner Sicht noch wichtigeren Punkt hervor: In den vergangenen Wochen hat sich der Kurs von seinen Tiefständen erholt, während die Reservebestände weiter schrumpften. Das unmittelbar für den Handel verfügbare Angebot sinkt also, während sich der Markt erholt. Allerdings gibt es einen Vorbehalt: Laut Bericht könnten Anleger ihre Coins von den Handelsplätzen in Cold Storage verschoben haben. Zudem bleibt offen, ob Wale oder kleinere Halter für diese Entwicklung verantwortlich waren. In jedem Fall ist die praktische Auswirkung auf die Orderbücher dieselbe: Die sofort verkäufliche Menge wird immer kleiner, während der Kurs nahe Mehrmonatshochs bleibt.

• Bitcoin on exchanges fell to 2.67 million coins from 2.8 million since February, CryptoQuant data shows
• Bitcoin traded near $83,485, flat over 24 hours but up 8% in 30 days
• Rei Researcher says low exchange supply could create a supply-demand imbalance favoring an upward trend
Exchange Reserves Fall to 2.67 Million BTC
The formation a CryptoQuant analyst is reading on the chain is not a chart shape but a ledger drain: the amount of Bitcoin (BTC) sitting on exchange wallets keeps shrinking, and in that reading sits an argument that sellable supply is tightening faster than demand can fade. The Bitcoin price was recently $83,485, unmoved across a 24-hour window yet up 8% over the past 30 days, a run that followed the coin's best quarter in years. Its surge through August and September has led a number of analysts to declare the bear market finished. Within that backdrop, the firm's figures show bitcoin on exchanges has dropped to 2.67 million coins from 2.8 million since February, a cut of roughly 130,000 coins from the pool traders can reach on short notice. The observation was laid out in a quicktake published Monday on the data platform. Exchange reserves, the metric behind it, measure coins custodied in venue wallets, the inventory that can hit the market within hours rather than years. The author, writing under the name Rei Researcher, frames the mechanism directly: buying demand that keeps improving against low exchange supply could produce what the report calls “favorable conditions for a longer-term upward trend.” The same report adds the detail it flags as more important: in recent weeks the price has climbed off its lows even as reserve balances kept shrinking, so the supply readily available for trading is falling while the market recovers. One caution is attached. The report says it is possible investors were taking coins off venues into cold storage, and it leaves open whether whales or smaller holders drove the move. Either way, the practical effect on order books is the same: what can be sold immediately keeps getting smaller while price holds near multi-month highs.
The August Treasury Buyback Pivot
The recovery that makes the shrinking reserve notable is itself recent history. Bitcoin spent most of this year in a bear market, trading under $65,000 for the first half of 2026 after printing its all-time high of $126,080 in October 2025. The turn came in August, when news broke that the US Treasury would double the size of its liquidity-support buyback operations, a step that weakens the dollar while lifting assets that pay no yield, bitcoin among them. Since then the so-called debasement trade, in which investors buy hard assets to hedge against a currency losing value, has run hot again, and analysts say bitcoin is benefiting from it as it did in 2024 and 2025. The rally has produced its share of calls that the bear cycle is over and a new bull market is underway; among the loudest was Ki Young Ju's bear cycle call, which sees 12 to 24 months of rise or sideways action rather than another leg down. Macro prints have reinforced the bid: bitcoin reclaimed $83,000 after the IMF lifted its global inflation forecast, putting the currency-debasement argument in official numbers. What distinguishes this rebound from earlier recoveries, on the figures in the quicktake, is the direction of exchange balances. Rising prices usually tempt holders to send coins to venues to sell, swelling the reserve; this time the balance has moved the other way through the entire rebound, consistent with holders who intend to HODL through it rather than distribute. The price still sits more than 30% below its record, which keeps the question open on both sides: how much old supply has truly been cleared, and how much remains an overhang.
A Condition, Not a Forecast
Our reading is that the report supplies a condition, not a forecast. The squeeze argument holds only while two things stay true at once: demand keeps building and reserve balances keep falling. The series to watch is therefore the reserve line itself; if coins flow back to venues into strength, the imbalance thesis loses its footing. The report names no level that would break the reading, so the setup stays open-ended, with the $126,080 record as the reference above and the recent lows as the floor below. For the levels traders are currently charting around those marks, our Bitcoin technical analysis page tracks the nearer support and resistance bands.