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Bitcoin on Exchanges Drop to Lows Not Seen Since 2018, Long-Term Holders Realize Profits According to data, bitcoin balances on exchanges are shrinking a great deal and have dropped to levels not seen in two years. Arcane Research detailed that charts showing the number of bitcoin leaving exchanges has seen a sharp decline and has been “one of the main stories of the year.” Meanwhile, onchain metrics indicate a number of older coins are being sold as bitcoin’s value increases. Bitcoin Held on Exchanges Drops by 21% Since February In 2020 there’s a lot of cryptocurrencies held on exchanges, however, the aggregate number of bitcoin (BTC) held on trading platforms has declined immensely this year. In fact, BTC held on exchanges haven’t been as low as they are today since 2018, according to onchain statistics by Glassnode. ....