Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days
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Buyers on Binance shifted decisively in recent weeks. The exchange’s seven-day net taker volume swung from roughly -$1 billion in late March — a period dominated by sellers — to around $2.6 billion by early May, signaling that demand had returned with some force. Related Reading: XRP Market Now Controlled By Whales? Dominance Reaches 91% On Binance Reserves Hit Levels Not Seen Since Late 2023 That shift in buyer behavior is playing out against a backdrop of shrinking Bitcoin supply on major exchanges. Combined outflows from Binance, OKX, and Gemini have reached nearly 100,000 BTC since February — worth over $8 billion at current prices — pushing reserves to their lowest point in roughly two and a half years. Binance recorded the steepest drop. Its holdings fell from about 670,000 BTC in la
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