Bitcoin Exchange Reserves Drop 35,800 BTC as ETFs Draw $2.4B
- —Exchange BTC reserves fell 35,800 coins on the week to 1.325 million
- —Spot bitcoin ETFs drew about $2.4 billion in the same period
- —Some 26,700 BTC left exchanges on Sept. 22, roughly double the usual daily outflow
- —Reserves rose 20,000 BTC the prior week, leaving a two-week net outflow of 15,900 BTC
Why it matters: Coins leaving exchanges alongside steady ETF inflows suggest supply is shifting to longer-term holders, easing sell pressure.
Source: TokenPost