Supply of Bitcoin (BTC) on cryptocurrency exchanges has dropped to record lows. 📉 According to Glassnode, the BTC balance on crypto markets has fallen to a 5-year low of about 2.29 million BTC. Since early September, BTC's share of exchanges has dropped from 5.99% to 5.73%, indicating less selling pressure. 🐳 Whales are actively accumulating BTC, controlling more than 66% of the circulating supply, and the top 1% of Bitcoin addresses own almost 19.3 million coins. Withdrawals from exchanges are generally considered a bullish signal for an asset's value, as it reduces selling pressure and indicates long-term investor beliefs.