- Bitcoin’s exchange flow and reserves have fallen over the last few months
- A move towards $100k remains very likely for world’s largest cryptocurrency
Bitcoin reserves across centralized exchanges (CEXs) have shown notable differences this year. While some exchanges like Binance have maintained relatively stable reserves, others like Coinbase have seen major declines.
These trends have been accompanied by a significant drop in exchange-to-exchange Bitcoin flows. This can be interpreted as a sign of a maturing market and greater confidence among investors.
Bitcoin exchange flows and market sentiment
The exchange-to-exchange flow metric, which tracks Bitcoin transfers between exchanges, dropped to unprecedented lows, according to
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