Bitcoin’s exchange reserves have been dwindling massively in recent days. Coins are moving off exchanges at a steady pace, removing available supply ready for purchase. Recent on-chain data from CryptoQuant shows that Bitcoin balances on exchanges continue to decline and are moving into stronger hands. On the other hand, data tracking the percentage of Bitcoin supply in profit shows that only about half of the addresses are in profit. Bitcoin Is Disappearing From Exchange Order Books CryptoQuant data tracking Bitcoin exchange reserves across all platforms shows the aggregate balance has fallen to approximately 2.671 million BTC as of April 24. Notably, reserves in exchanges have fallen from 2.68 million BTC on April 19, with the sharpest leg of the drawdown occurring during Bitcoin’s price climb above $77,700. Related Reading: Analyst Sounds Bitcoin Warning: This Surge Above $78,000 Should Not Be Trusted Whenever Bitcoin leaves exchanges, it reduces the liquid supply available for immediate selling. This kind of supply reduction will always support price strength, especially when there is enough demand. Bitcoin’s exchange reserves have continued falling throughout the cycle, even as prices corrected. However, perhaps the most telling development lies in how Bitcoin ownership is changing beneath the surface. CryptoQuant’s STH/LTH Supply vs. ETF Flows data, which tracks 30-day position changes across participant cohorts, reveals a decisive redistribution of Bitcoin ownership from weaker hands to stronger ones. Over the last 30 days, long-term holders have added 303,000 BTC to their positions. Bitcoin ETFs have absorbed a net 16,800 BTC in inflows. Strategy has also added 53,000 BTC to its holdings over the same period. Meanwhile, short-term holders, the cohort most sensitive to price movements and most likely to sell into strength or panic on weakness, have reduced their aggregate position by about 290,000 BTC. Only Half Of Bitcoin Supply Is In Profit Even as Bitcoin is being taken off crypto exchanges, profitability metrics show a more subdued outlook of how many investors are currently making money. On-chain data shows the seven-day moving average of the percentage of BTC supply in profit is currently at 52.3%, according to insights from The Block. Related Reading: Analyst Says Bitcoin Is Going To $170,000: Here’s When To Buy And When To Sell At its peak, above $126,000 in October 2025, 99.66% of the supply was in profit. The drop to near 50% is a reflection of the impact of the correction that followed, bringing a large portion of the market back to breakeven levels. Still, Bitcoin’s recent rally above $77,000 pushed many more holders into profit. Only about 44.1% of the Bitcoin supply was held in profit on April 2. Readings above 90% are a reflection of late-stage bull markets. Therefore, based on that context, the current reading of 52.3% can be viewed through a bullish lens. The three data streams (declining exchange reserves, net accumulation by long-term holders and institutions) and a supply-in-profit reading at the midpoint show Bitcoin is currently in a period of consolidation. Featured image from Getty Images, chart from Tradingview.com
Regulatory clarity may boost institutional interest in XRP long-term, but immediate price impacts remain unlikely due to market skepticism.
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Trump's claim influences market volatility, highlighting the impact of political statements on trader sentiment and market dynamics.
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Claude maker Anthropic reported that its latest AI models scored 95-96% on political neutrality tests ahead of the 2026 midterms.
The Islamabad mediation could pave the way for future US-Iran dialogue, impacting geopolitical stability and market dynamics significantly.
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The Bitcoin community continues to debate whether cryptographically relevant quantum computers are imminent or decades away.
Institutional Bitcoin accumulation via ETFs could stabilize prices, but sustained inflows and favorable macro conditions are crucial for growth.
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The anticipated global oil demand decline could overshadow geopolitical tensions, impacting market dynamics and economic forecasts.
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The US-Qatar dialogue highlights open diplomatic channels, yet skepticism persists about imminent US-Iran diplomatic breakthroughs.
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The reclassification could enhance medical research opportunities and align federal policy with state practices, impacting future cannabis legislation.
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The potential shift in US NATO support could destabilize transatlantic relations, impacting global security dynamics and alliance cohesion.
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Rubinstein's justification may influence US-Iran relations, potentially increasing the likelihood of formal conflict escalation.
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Pahlavi's efforts highlight the complexities of regime change, with market skepticism indicating a cautious outlook on immediate impacts.
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The convergence of diplomatic visits in Islamabad may signal Pakistan's emerging role as a mediator in US-Iran relations.
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The release of GPT-5.5 may reshape AI market dynamics, influencing competitor strategies and future AI development trajectories.
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The diplomatic efforts in Pakistan could reshape regional alliances and impact global markets, despite current skepticism about a swift resolution.
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The GENIUS Act's emphasis on regulated stablecoins could enhance market stability and reduce risks associated with unregulated options.
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Intel's earnings boost highlights its growth potential, but NVIDIA's dominant market cap position remains unchallenged, reflecting market confidence.
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Schwartz's dismissal of XRP conspiracy theories highlights the risks of speculative investments and underscores the need for transparency.
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The S&P 500's surge highlights investor confidence, but muted crypto response suggests sector-specific optimism and potential volatility.
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Geopolitical tensions could lead to supply disruptions, impacting global oil prices and market stability, with traders closely monitoring developments.
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Apecoin raised many eyebrows with an over 80% jump in just a few hours. The price surged from $0.1013 to as high as $0.1965 with a mammoth rise in the trading volume by 2130% to reach close to $300 million. Interestingly, this surge didn’t come out of nowhere. Just before the breakout, a newly created …
The end of the DOJ probe accelerates Warsh's Fed Chair confirmation, impacting market dynamics and Senate scheduling priorities.
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Market skepticism suggests limited long-term impact on oil prices, highlighting potential for diplomatic solutions or alternative routes.
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The IDF's territorial control in Lebanon may prolong military actions, complicating diplomatic efforts and impacting ceasefire prospects.
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The potential for US-Iran talks could ease regional tensions, impacting global markets and diplomatic relations significantly.
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The asset freeze underscores the US's hardline stance, diminishing prospects for a US-Iran nuclear deal and impacting market confidence.
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The new sanctions exacerbate US-Iran tensions, reducing the likelihood of a nuclear deal and complicating diplomatic resolutions.
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Bitcoin held near $78,000 on Friday as oil prices climbed past $100 a barrel, testing whether the largest digital asset can sustain its April rebound while the US-Iran conflict keeps energy markets on edge. The move came after President Donald Trump escalated his rhetoric over the Strait of Hormuz, saying the US Navy controlled the […]
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The exclusion of key negotiators signals diminished prospects for US-Iran peace, impacting diplomatic relations and market confidence.
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