The Supply Sink: Why Bitcoin Exchange Reserves No Longer Dictate the Price Trend

In 2025, bitcoin reserves on exchanges fell sharply, signaling a shift toward long‑term custody by institutions, though experts warn this metric is no longer a reliable price indicator. The Great Exchange Exodus: A Shift to Long-Term Custody In 2025, bitcoin underwent a series of fundamental shifts, transitioning from a speculative risk-on asset into a core […]