Bitcoin supply on exchanges hits lowest in 3 years after series of BTC drops

As per data provided by on-chain data vendor Santiment, investors have been withdrawing their BTC from crypto exchanges en masse.

The amount of flagship cryptocurrency held on exchange wallets has reached the 10.87% – the lowest mark, which was last observed on crypto trading venues in December 2018. As the leading crypto is getting moved off trading platforms, risks of any big sell-off becomes lower.