The share of bitcoins held on exchanges has now decreased to approximately 6.5% of the first cryptocurrency’s total supply. Santiment views this as a bullish signal: when coins are withdrawn from exchanges, they become harder to sell quickly, meaning fewer bitcoins are available for sale on the market. If demand for bitcoin remains high while liquidity decreases, buyers must compete for a smaller number of available coins, which could trigger an price increase.
BTC exchange supply shrinks as 24,073 coins, a seven-month high net outflow, leave exchanges. Bitcoin just recorded its largest net exchange outflow in seven months. On Monday, 24,073 BTC left exchanges on net—the largest single-day outflow since March 1st. Exchange supply has fallen to approximately 6.50% of total BTC supply. Large outflows are generally bullish, as coins leaving exchanges become less readily available for immediate selling. If demand remains strong while liquid supply contracts, buyers have fewer coins available to absorb before prices must rise. The timing is encouraging, with Bitcoin still holding near $85K. Persistent withdrawals may signal investors moving BTC toward long-term custody rather than preparing to sell. While outflows alone don’t guarantee anything, declining exchange supply strengthens the bullish case. Live Bitcoin Chart: https://t.co/AW9OGbYYKn
— Santiment Intelligence (@SantimentData) October 6, 2026According to Santiment analysts, the current situation looks promising: Bitcoin’s price is holding near $85,000. Sustained outflows may indicate that investors are withdrawing Bitcoin from exchanges for long-term storage rather than preparing to sell. While cryptocurrency outflows alone do not guarantee price increases, analysts believe that reducing BTC supply on exchanges strengthens bullish sentiment in the market.
The daily trading volume of the top cryptocurrency increased by 21% to $317 billion. Bitcoin is currently trading 33% below its all-time high of $126,198, reached in October last year. Bitcoin’s market capitalization stands at $1.6 trillion.
In September, Santiment analysts found that Ethereum reserves on exchanges are also declining. Since June 1, the reserve level of this altcoin has decreased by 1.16%, leaving only 3.49% of the total supply on major trading platforms.