Bitcoin (BTC) on the exchange platform has declined by 668,000 BTC since November 2024. Currently, centralized exchange (CEX) is over 2.4 million btc, 18% less than the reserves at the end of 2024.
According to data provided by encryption analytics companies, there are currently 2,432,989 bitcoins in CEX, as shown in the graph below.
As you can see, the collapse of BTC on exchanges, which accelerated since February 2025, has accelerated on exchanges. When there were over 2.7 million Bitcoin At various exchanges that exist.
Typically, large retreat trends It is interpreted as an upward sign of the price of Bitcoinas it suggests that investors will move assets into long-term storage (such as cold portfolios) and reduce market sales pressure.
However, crypto analyst Axel Adler Jr. said, “This is a sign of strong bullishness, but it’s wrong to assert that reserves have been exhausted.”
The move could reduce the amount of Bitcoin available for immediate sales and limit offers in the market, resulting in; It puts upward pressure on the price.
In February 2025, Cryptonoticias reported that Bitcoin withdrawal from the exchange reached an amount of 47,000 BTC.
The relationship between available offers and prices is an important factor in the Bitcoin market. A decrease in exchange reserves reduces liquidity for fast trading. Something that can create an environment in which demand exceeds available supply. This phenomenon is combined with sustained or increasing interest by institutional and retail investors, enhancing the perspective of valuing Bitcoin prices.
The current figure of 2.4 million BTC on the exchange represents 11.5% of the total 21 million BTC that exists. It emphasizes the magnitude of the withdrawal.
The price of Bitcoin, currently negotiated at 104,115, shows its resilience to distinctive market volatility. Reducing reserves on the exchange could amplify this stability. Reduce the risk of sudden falls driven by large settlements. Furthermore, the entry of new market participants, including investment funds and companies that employ Bitcoin as value reserves, reinforces the upward narrative.
