The amount of Bitcoin held on exchanges has dropped to its lowest share since November 2017.The amou

Santiment: Exchange Bitcoin Reserves Hit Lowest Level Since 2017—Long-Term HODLing on the Rise

Bitcoin is leaving exchanges at a record pace. According to Santiment, the share of BTC held on exchanges has fallen to its lowest since November 2017. That's more than eight years—a period that's seen massive shifts in both crypto and the global economy. The ongoing decline in exchange reserves is typically read as a signal: investors are leaning long-term, and sell pressure is easing.