The crypto market continues to show promising signs as Bitcoin exchange balances have dropped to levels last seen in early 2018. Since peaking in March 2020, exchange balances have declined by approximately 32%, from 3.1 million to 2.1 million BTC. Currently, only 11% of the circulating supply is on exchanges, compared to 17% on March 13, 2020. This ongoing trend of declining Bitcoin exchange balances may be partially attributed to the growing use of alternative platforms such as decentralized exchanges (DEXs) and funds not included in the data. However, the overall trend indicates that more people are choosing to withdraw their Bitcoin from exchanges, reflecting a positive outlook on the market.