According to Odaily, data from CryptoQuant indicates that as of June 19, the reserves of Bitcoin on exchanges, which refers to the total amount of Bitcoin available for trading, have dropped to a three-year low, reaching 2,825,703 BTC. In January 2024, the balance of Bitcoin on exchanges hovered around 3,039,000 BTC. Lower exchange reserves, sometimes referred to as exchange balances, suggest reduced selling pressure and potential supply shocks.
