The supply of Bitcoin (BTC) on cryptocurrency exchanges has dropped to a 5-year low of around 2.29 million BTC, according to blockchain data platform Glassnode. This decrease in supply on exchanges has been observed by the behavior analytics platform Santiment, which estimates that the percentage of BTC supply on exchanges has decreased from 5.99% to 5.73% since September 1st. This could be seen as a sign of decreased selling pressure and could be a bullish sign for the asset’s price.Whales have been accumulating BTC, controlling over 66% of the circulating supply, and the top 1% of Bitcoin addresses own nearly 19.3 million coins. This could be seen as a sign of increased buying pressure and could be a bullish sign for the asset’s price.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	None
Companies	Santiment, PrimeXBT, Glassnode, Binance, None
Currencies	Ethereum, Bitcoin
Securities	None