Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days
Nearly 100,000 BTC have flowed out of major exchanges (Binance, OKX, Gemini) since February, pushing reserves to two-and-a-half-year lows while buyer demand on Binance surged from -$1B to +$2.6B in net taker volume. Simultaneously, long-term holders accumulated 264,000 BTC by May 6—a 60% increase in two weeks—suggesting institutional conviction is strengthening despite tightening on-chain supply.



