Exchange BTC reserves drop to 2.75M as ETFs absorb supply
Exchange BTC reserves hit a 5‑year low. About 2.75M BTC sat on centralized platforms as of March 12, the lowest since 2019.
Coins keep moving off exchanges. Net flows turned negative and stayed there, with roughly 500k BTC leaving over ~2 years CryptoQuant.
What’s driving it:
- Holders shift to self‑custody. Exchange reserves fell to ~2.75M BTC on March 12 CryptoQuant.
- Spot ETFs keep absorbing supply. Net inflows reached about $570M in a single week ETFdb.
- Corporate treasuries add pressure. Strategy (ex‑MicroStrategy) continues to accumulate Strategy.
Less BTC on order books means thinner sell‑side liquidity. Even modest bids can move price faster when supply sits off‑market.
Headline
Exchange BTC reserves drop to 2.75M, lowest since 2019
Note
First mention of the asset: BTC.
