Bitcoin Withdrawals from Exchanges Hit Historic Highs as BTC Price Stays Near $118K
2025-07-11 13:22:58
Main Idea
Bitcoin withdrawals from centralized exchanges have reached historic highs as BTC prices surge, indicating a shift in investor behavior towards long-term holding or DeFi usage, while institutional Bitcoin holdings continue to grow.
Key Points
1. Bitcoin reserves on centralized exchanges have dropped by over 360,000 BTC since January 2025, now standing at approximately 2.4 million BTC.
2. The decline in exchange-held Bitcoin coincides with BTC's price surge, reaching a new all-time high of $118,255.
3. OKX reported net Bitcoin inflows, bucking the broader withdrawal trend, possibly due to its BTC Yield+ product.
4. Institutional Bitcoin holdings have surged, with public firms now holding over 850,000 BTC, worth more than $85 billion.
5. Spot Bitcoin ETFs collectively hold around 1.43 million BTC, with BlackRock's iShares Bitcoin Trust (IBIT) leading with over 702,055 BTC.
Description
Bitcoin reserves on centralized exchanges have fallen by more than 360,000 BTC since January 2025. The decline in exchange-held Bitcoin coincides when prices surge above $118,000. Institutional investors and public companies are accumulating Bitcoin at record rates. Investors are steadily withdrawing their Bitcoin holdings from centralized exchanges, with reserves dropping by more than 360,000 BTC since January 2025. The current balance sits at approximately 2.4 million BTC, according to new dat...
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