As reported by specialists of analytical platform #CryptoQuant , ether reserves on centralized #exchanges (CEX) fell to a historic low of 18.6 million $ETH
, and #bitcoin☀️ reserves fell to 2.67 million VTS.
The highest bitcoin reserves on the CEX was recorded on June 8, 2022, at 3,361,854 VTS. Currently, spot exchanges hold about 1.1 million $BTC
and 8.4 million ETH, while derivatives exchanges hold about 1.39 million #BTC☀ and 10.3 million ETH.
In terms of bitcoin and ether holdings, Binance (563,000 BTC and 3.6 million ETH), Kraken (112,300 BTC and 1.3 million ETH), as well as Coinbase (4.5 million ETH) and Coinbase Advanced (830,530 BTC) lead the way.
CryptoQuant believes that the decline in bitcoin and ether reserves demonstrates the crypto community's growing demand for self-storage solutions. Crypto investors prefer to keep flagship crypto assets on their balance sheet in anticipation of growth rather than locking in profits from short-term spikes in value.
Earlier, CryptoQuant analysts said that amid panic among small speculators, bitcoin whales took advantage of the situation and bought up more than 24,000 VTS.