📉Bitcoin reserves on exchanges fell to a 3-year low, amounting to 2,825,703 BTC, according to CryptoQuant data from June 19, 2024.

- In January 2024, the Bitcoin balance on exchanges fluctuated around 3,039,000.

- Low levels of reserves on exchanges indicate low selling pressure and possible shortages due to relatively low buying supply.

Following the approval of a Bitcoin ETF in the US in January 2024, accumulation from asset managers such as BlackRock has increased pressure on Bitcoin's supply.

- In May 2024, monthly inflows into digital assets reached $2 billion, mainly due to inflows into Bitcoin funds and products.

- However, a Coinshares report showed that in the week leading up to June 15, 2024, Bitcoin funds recorded $621 million in outflows.

Institutional adoption is not yet in full swing and pressure on low supply on exchanges may increase in the coming months, experts say.