Bitcoin Supply Plummets as Outflows Surge Amid Market Uncertainty

Bitcoin’s supply on exchanges has plummeted over the past six months, dropping to a six-month low of around 1.21 million coins, signaling traders are increasingly opting for long-term holdings instead of short-term trading in a volatile market. This shift is further indicated by an increasing number of Bitcoin coins being moved from centralized exchanges into private wallets, suggesting that investors are taking a more conservative approach in the face of recent price fluctuations.