Bitcoin exchange reserves drop to multi-year lows: CryptoQuant

Bitcoin exchange reserves have reached their lowest levels ever recorded by CryptoQuant data that spans back to early 2021.

In July 2021, bitcoin exchange reserves hovered around the 2.8 million mark, indicating a decrease of approximately 900,000 coins since CryptoQuant started recording this metric.Long-term holders beginning to part with assets The report said the short-term holder supply has increased by around 1.121 million bitcoin, absorbing the long-term holder distribution pressure.The bitcoin price increased by around 2.6% in the past 24 hours and was changing hands for $67,587 at 11:34 a.m. ET, according to The Block's Price Page.

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