Bitcoin exchanges now own 16% less BTC than the oldest hodlers

As of Feb. 27, the latest date for which data is available, the platforms tracked by Glassnode held a combined 2,272,798 BTC, which is the lowest level in 5 years.

Glassnode data also puts the total BTC dormant for ten years or more at 2,645,956 BTC — 16% more than the total exchange balance.