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Bitcoin exchange reserves hit 3-year low as traders withdraw amid rising demand.

Market News
03 Oct 2026
UToday
View Source
Bullish
Bitcoin exchange reserves hit 3-year low as traders withdraw amid rising demand.

Bitcoin exchange reserves have dropped to their lowest level in three years, with only about 2.68 million BTC left on exchanges as of October 3, 2026. This decline follows a recent price recovery to around $87,000, which increased demand and led traders to move Bitcoin off exchanges, possibly for long-term holding. However, analysts caution that the outflows from major exchanges like Binance might also be influenced by other factors, so the drop in reserves doesn't guarantee a bullish trend. The steady decline in Bitcoin held on exchanges has been ongoing since early 2024, regardless of price fluctuations, indicating a shrinking supply available for trading on exchanges.

Bitcoin is trading at Rp1.509.521.729 on Pluang, down 2.08% in the past day, while Binance Coin is priced at Rp13.736.342, down 1.14%. The market shows a 70% buy activity for Bitcoin and 65% for Binance Coin, with typical hold times of 110 and 89 days respectively. These figures are current as of October 3, 2026, 17:51 WIB.

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