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Bitcoin Exchange Reserve Drops to 2023 Lows, Now Holding About 2.68 Million BTC
According to crypto analytics platform CryptoQuant, Bitcoin exchange reserves have fallen to a fresh multi-year low, reaching levels not seen since 2023. As of Saturday, October 3, exchanges hold approximately 2.68 million BTC, down from a peak of around 3.2 million BTC in early 2024. This decline comes as traders continue to scoop up tokens amid rising demand, though analysts caution that increased outflows from major exchanges like Binance could be attributed to various factors beyond just accumulation.
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