Bitcoin Exchange Balances Drop Below 172K BTC as Supply Tightens
The data provided by Glassnode (shared by Phyrex (@Phyrex_Ni)) shows that bitcoin balances on exchanges decreased once again this week. This was a decrease of 0.23 percent or 400 BTC in seven days to bring the total balance to 171.9K BTC as compared to the 172.3K BTC.
Monday Rally Linked to 500 BTC Withdrawal
Monday saw Bitcoin price shoot up by as much as $115,000. At the rally, there was a withdrawal of less than 500 BTC at the exchanges. This was a modest move that led to lessening the balances but they were not a significant buying wave. Rather, it constituted a supply squeeze where the price movement was driven by less sellers.
Bitcoin currently fluctuates at a range of $109,000 to 110,000 or some 5 percent less than a weekly peak. Analysts indicate that there is support at 108000 and resistance at 117,000. The trend is associated with the current post-high consolidations that have been experienced since September.
Price Correction After $115K Peak
Existing balances of 171.9K BTC represent only 0.87 of the total supply of 19.8M BTC. This is equivalent to $18.7B of Bitcoin at current prices versus a market cap of 2.16T. Exchange balances started to move down since 2021, when the exchange balances were over 2.3M BTC, which proves that investors continue accumulating.
The 500 BTC withdrawal corresponds to only 0.29 percent of actual exchange reserves but has an impact on the sentiment. The global trend was strengthened by similar transactions in September 2025 such as 65,000 BTC that left Kraken. The large exchanges in the U.S. and in Asia have lower sell-side supply, indicating that all the regions are acting as strong holders.
Having a smaller supply of coins, the markets become more sensitive to changes in supply. The post establishes that the recent rally did not result due to the inflows of demand but the depreciating exchange balances. Reserves at 171.9K BTC are close to the lowest in four years, increasing the likelihood of volatility with a possible increase in selling returns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: DeFi Faces Liquidity Challenges Amid Bitcoin Falling Under $100K
- Bitcoin's drop below $100K triggered DeFi liquidity crises, with $650M in leveraged positions liquidated as automated stop-losses activated. - Wrapped Bitcoin (WBTC) integrated with Hedera blockchain to reduce MEV and frontrunning, aiming to inject liquidity into DeFi protocols. - Hyperion DeFi reported 60% MoM validator growth and new partnerships, emphasizing staking yields over leveraged positions to avoid market volatility. - Analysts like Tom Lee predict 6-8 weeks for recovery, contingent on stabili
Assessing How Recent Ecosystem Enhancements Influence Trust Wallet Token (TWT) Price Forecasts
- Trust Wallet's Q4 2025 upgrades expanded TWT's utility through FlexGas (gas fee payments) and Trust Premium loyalty incentives, transforming it from governance to transactional token. - TWT surged 129% to $1.6 by October 2025, fueled by Binance CZ's endorsement and institutional validation of its ecosystem-driven value proposition. - The token's growth aligns with multi-token economy trends, emphasizing cross-utility, stability, and transparency through fixed supply models and public audits. - While regu
Astar (ASTR) Price Rally: Cross-Chain Compatibility Fuels Altcoin Value Growth
- Astar (ASTR) surged in late 2025 due to strategic blockchain interoperability advancements and partnerships. - Collaboration with HTX includes TGE Catalyst Grants, listing acceleration, and CEX partnerships to boost DeFi adoption. - Astar 2.0's zkEVM and CCIP integration achieved 150,000 TPS, targeting 300,000 TPS by 2025 with enterprise partnerships. - Interoperability-driven projects like Astar are reshaping altcoin valuations, aligning with growing institutional DeFi demand.
Astar 2.0 Debut and Its Impact on the Blockchain Landscape
- Astar 2.0 emerges as a strong contender in institutional blockchain adoption through Polkadot-based scalability and interoperability innovations. - Institutional confidence grows with $3.16M ASTR purchase, 20% QoQ wallet growth, and partnerships with Sony , Casio, and Japan Airlines. - Astar's 6-second block time, 150k TPS throughput, and Chainlink CCIP integration contrast with Bitcoin/Ethereum's scalability struggles and ETF outflows. - Projected $0.80–$1.20 ASTR price by 2030 hinges on Evolution Phase
Trending news
MoreCrypto prices
More
