05.07.2025 07:19

Bitcoin recently climbed above $107,000, fueled by a dramatic decrease in exchange reserves and a surge in long-term accumulation. This unprecedented situation points to a tightening supply and robust investor demand.

The dwindling supply on exchanges is a significant factor driving the price increase. Over 800,000 Bitcoin have been withdrawn from exchanges since mid-2023, a substantial reduction representing a considerable shift in market dynamics. Analysts, citing data from sources like COINOTAG, interpret this as a structural change favoring Bitcoin price appreciation. The combination of decreased exchange holdings and continued accumulation by long-term investors creates a powerful bullish narrative.

Exchange reserves have fallen to their lowest point in over three years, reaching a mere 2.4 million BTC. This sharp decline, particularly accelerating after Bitcoin exceeded $80,000 in early 2025, demonstrates a strong correlation between rising prices and reduced exchange-held Bitcoin. The consistent outflow of Bitcoin from trading platforms indicates a growing preference among both institutional and retail investors for long-term holding strategies, further tightening the supply.

This trend of moving Bitcoin into cold storage signifies a fundamental shift in the market. The reduced circulating supply, created by this ongoing exodus from exchanges, is increasingly seen as a key driver of Bitcoin's value, suggesting a future where scarcity plays a dominant role in price determination. The sustained high price points alongside the consistently shrinking exchange reserves strongly indicate a structural market shift favoring price appreciation.