Bitcoin Exchange Supply Drops to Lowest Since 2018
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Supply Trend Change: The percentage of Bitcoin held on exchanges has dropped to around 13.7%, the lowest since 2018, indicating that holders are not preparing to sell, which could lead to potential price increases in the future.
- Reduced Exchange Inflows: Despite Bitcoin trading near $92,000, inflows to exchanges remain low, reflecting holders' preference to move BTC into cold storage or long-term wallets, enhancing bullish sentiment in the market.
- Price Volatility Observation: Bitcoin's price has experienced volatility this week, hitting nearly $95,000 before dropping to $91,500, with traders focusing on key support levels at $93,800 and $96,500, maintaining a cautious market sentiment.
- Long-Term Holder Data Controversy: Analysts have pointed out that the Coinbase wallet migration may lead to an underestimation of long-term holder supply data, suggesting that if over 500,000 BTC were included, the actual holding amount could be underestimated, impacting market expectations.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
