chart

Purple line: Change in Bitcoin holdings on Binance Exchange

Purple line: Change in bitcoin holdings on FTX exchange

1. Binance Bitcoin holdings are still moving in the historical range. Since 2018, Binance's Bitcoin holdings have never fallen more than 16% from all-time highs. You should keep an eye on this.

2. See the BTC holding comparison chart (below) between Binance and FTX. FTX's stockpiles have not recovered after falling 50% from their all-time highs in August-September 2021, and their behavior has been erratic.