{"id":162509,"date":"2025-07-12T19:00:39","date_gmt":"2025-07-12T16:00:39","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=162509"},"modified":"2025-07-12T16:46:54","modified_gmt":"2025-07-12T13:46:54","slug":"bitcoin-price-hits-record-highs-as-exchange-balances-plunge","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-price-hits-record-highs-as-exchange-balances-plunge\/","title":{"rendered":"Bitcoin Price Hits Record Highs as Exchange Balances Plunge"},"content":{"rendered":"

The latest Glassnode chart shows Bitcoin hitting new highs above $120,000 while exchange-held BTC drops to multi-year lows.<\/p>\n

Bitcoin supply on exchanges continues falling<\/h2>\n

Since late 2024, the number of Bitcoin held on centralized exchanges has steadily declined. From a peak near 3.3 million BTC in mid-2024, balances have fallen below 2.8 million by July 2025. This drop reflects aggressive outflows likely tied to cold storage, self-custody, and institutional accumulation. Exchange balances last dipped this low during bull runs in 2020 and early 2021.<\/p>\n

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The most notable decline began in March 2025, just as Bitcoin reclaimed the $90,000 level. Since then, balances have dropped each month, with June and July showing the steepest monthly declines of the year.<\/p>\n

BTC price soars above $120K amid shrinking supply<\/h2>\n

While exchange balances dropped, Bitcoin\u2019s price soared. After consolidating around $90,000 through early 2025, BTC broke above $100,000 in April and climbed aggressively into July. The price surged past $110,000 in late June and topped $120,000 in early July, even as fewer coins remained available on exchanges.<\/p>\n