ETFs and Corporate Treasuries Pull Millions of BTC Away From Exchanges

Bitcoin reserves held on centralized exchanges have fallen back to levels last seen in 2019. Data shared by crypto market analyst Dark Fost shows that exchange reserves have been steadily declining since 2022. This trend has accelerated following the collapse of the FTX exchange. Bitcoin Supply Migration In November 2022 alone, more than 325,000 BTC were withdrawn from exchange reserves as investors moved their asset…