The share of Bitcoin on centralized cryptocurrency exchanges has decreased to 5.6% of the total supply, marking the lowest level since 2018. The analytical platform Santiment has noted that this level has been maintained for about a month, indicating an increase in investor confidence in the long-term storage of the asset and a decrease in selling pressure.
This is reported by Finway
Dynamics of other leading cryptocurrencies
According to Santiment, the volume of Ethereum on exchanges currently stands at 4.6%, slightly above the 4.2% recorded ten days ago. Meanwhile, this figure remains close to historical lows since the start of ETH trading in 2015.
A separate analysis was conducted regarding the XRP token. Wallets with a balance of at least 10 million XRP currently control 45.83 billion coins, which is approximately $68.5 billion at the current exchange rate. Overall, such addresses hold 68.5% of the total XRP supply, with the accumulation trend persisting since December 2023.
“The share of Bitcoin’s supply on exchanges has decreased to 5.6% — the lowest since 2018.”
Cardano and trends among large holders
A similar dynamic is observed with Cardano: wallets with a balance of over 1 million ADA currently hold 25.09 billion tokens, accounting for 67.47% of the total supply. Analysts emphasize that the accumulation of ADA is occurring even amid a decline in the token’s market capitalization of approximately 71% over the past nine months.
It was previously reported that the volume of Ethereum in staking has exceeded 85 million ETH, which also indicates a strengthening of long-term positions among investors in leading digital assets.