Bad news: The amount of Bitcoin held on exchanges is shocking!
Exchanges continue to lose Bitcoin (BTC) liquidity after crypto platforms have faced several investigations in Europe and the US since the beginning of the year. According to data shared by market tracker Glassnode, the amount of Bitcoin in the vaults of major exchanges has dropped to 2.332 million BTC as of November 26.
Emphasizing that the meltdown in exchange reserves has continued since the beginning of 2020, experts say that the total Bitcoin reserve has reached the lowest level recorded since April 2018.