Bitcoin’s Exchange Holdings Hit Record Low, Signaling Supply Shock Potential

New data reveals that Bitcoin (BTC) held on exchanges has fallen below 11%, a last seen in March 2018, according to Glassnode. This drop to approximately 2.3 million BTC indicates a shift in investor behavior and market structure. The decline suggests a reduction in immediate trading activity, but a growing trend of long-term Bitcoin holdings, potentially leading to a supply shock.