Bitcoin Exchange Reserves Drop to 3-Year Low – Bitcoin News

The number of bitcoin held on exchanges has continued to fall lately as the statistic suggests crypto advocates are withdrawing funds from trading platforms for long-term safekeeping. At the time of writing, there are 2.32 million bitcoin worth more than $90 billion on centralized cryptocurrency exchanges.


Since this time last year, large amounts of Bitcoin are still being withdrawn from centralized exchanges

Bitcoin is being pulled from exchanges in greater numbers these days, as the statistic shows that the amount – 2.32 million bitcoin (BTC) held today – has not been this low in more than three years. Three years ago in March, the number of BTC stored on various trading platforms was even greater, at around 2.73 million bitcoin. In addition, the day after the infamous “Black Thursday” on March 11, 2020, the exchanges had just over three million BTC, according to statistics.

For the past few weeks, crypto asset prices have been lower and balance stats really started to fall in August 2021. Today, according to Bituniverse stats, Coinbase is the largest balance holder in terms of bitcoin with 853,530 BTC. Bituniverse uses data from, and The Transparent Balance Rank tool also measures ethereum (ETH) and tether (USDT) balances.

Bitcoin Exchange Reserves Drop to 3-Year Lows
Exchange bitcoin balances have fallen to a new low this week, according to data.

Under Coinbase’s balance, Binance has $18.94 billion in crypto assets. Binance has more than 340,000 BTC and also 3.59 million ETH according to current statistics. In addition, Binance owns 1.24 billion of the stablecoin crypto asset tether. Among Coinbase’s $44.5 billion and Binance’s stock is Huobi Global’s treasury with $16.12 billion in crypto reserves. Huobi wallets indicate that the exchange holds more than 160,000 BTC and 2.13 million Ethereum.

Crypto funds leaving exchanges are often seen as a good sign in the crypto space for two reasons. First, the trend suggests owners are unwilling to sell their bitcoin right now. This means there is less money in the market to dump whales and it also causes liquidity to dry up. Moreover, in the world of cryptocurrency assets, the golden rule is to keep your own keys and the trend could also indicate that users are taking that advice more seriously.

Tags in this story
Binance, Bitcoin, Bitcoin (BTC), Bituniverse, Black Thursday, BTC, BTC Deposits, BTC Reserves, BTC Withdrawals, Bullish Optimism, Coinbase, Crypto Reserves,, ETH Reserves, Exchange Reserves, Exchanges, Huobi, market routine, outflow, reserve status, reserves, trading platforms, USDT reserves

What are your thoughts on bitcoin’s balances on exchanges today and how they are currently at their three-year low? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news leader at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content, goods or services mentioned in this article.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts