According to Decrypt, CryptoQuant data shows that the supply of bitcoin exchanges fell to a seven-year low, falling to 2.488 million BTC last Friday. Trading platform reserves currently stand at 2.492 million BTC, adding about 40,000 BTC over the weekend, but the level is still the lowest since October 2018.
CoinShares reported $3.20 billion in Bitcoin fund inflows for the week ending April 28. The twin factors of falling FX balances and rising inflows suggest a new overweight phase is on the horizon. Retail investors appear to have played a bigger role in the rally over the past week than in recent weeks. This is even more evident in the "trading platform whale ratio", which has fallen from 0.512 on April 17 to 0.36 on April 27.
Bitcoin CEX Supply Drops to Seven-Year Low, Now 2.492 million
2025-04-29 01:29:03
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