Exchanges see BTC outflows; supply in profit rises to 52%

Bitcoin keeps leaving exchanges. Long-term holders and ETFs are soaking up supply while only about half the supply sits in profit.

Bitcoin exchange reserves drop to 2.671M; LTHs add 303k BTC; 52.3% of supply in profit

Bitcoin balances on exchanges fell to ~2.671M BTC on Apr 24, down from 2.68M on Apr 19, with the sharpest drawdown as price pushed above $77,700 CryptoQuant. Outflows cut liquid supply and can support price when demand holds NewsBTC.

Ownership keeps shifting to stronger hands. CryptoQuant’s 30-day cohort data shows a decisive redistribution CryptoQuant.

- Long-term holders added 303,000 BTC in 30 days CryptoQuant.
- Spot ETFs saw net inflows of 16,800 BTC CryptoQuant.
- Strategy added 53,000 BTC to holdings Bitcoinist.
- Short-term holders cut positions by ~290,000 BTC CryptoQuant.

Only 52.3% of BTC supply is in profit on a 7DMA basis The Block. At the Oct 2025 peak above $126,000, 99.66% was in profit The Block.

The recent move above $77,000 lifted many addresses. On Apr 2, only 44.1% of supply was in profit The Block.

Readings above 90% often mark late-stage bull markets. A 52.3% print aligns with mid-cycle context NewsBTC.

Taken together—shrinking exchange reserves, LTH and institutional accumulation, and a mid-range profit share—on-chain points to consolidation CryptoQuant CryptoQuant The Block.