Prons and Cons of Wallets and Exchanges As Investors Prefer to Store Their Bitcoins in Wallets by Withdrawing Them from Exchanges

Despite the gains Bitcoin made in its recent rally, most long-term investors continued to withdraw coins from exchanges to keep them in their wallets.

As of June 30th, the total BTC balance on all exchanges is 2.2 million, accounting for only 11.7% of the total circulating supply.

Long-term investors continue to accumulate and transfer coins to their personal wallets, making up nearly 75% of the total supply.