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Bitcoin outflows from exchanges hit a record high, dropping supply to 6.5%.

Market News
08 Oct 2026
Cointribune
View Source
Neutral
Bitcoin outflows from exchanges hit a record high, dropping supply to 6.5%.

On October 5, Bitcoin saw a record single-day outflow of 24,073 BTC from exchanges, reducing the supply held on platforms to about 6.5%, down from 7.1% a year ago. Large investors, or whales, have been accumulating Bitcoin while smaller holders are selling. Despite the reduced supply on exchanges, Bitcoin's price dropped back to around $83,000 after erasing earlier gains, showing that outflows alone aren't driving demand. Future market direction will depend on continued flows, Bitcoin ETFs, and macroeconomic factors.

Bitcoin reserves on platforms are reported as of Oct 08, 2026 17:02 WIB. For readers following the broader cryptocurrency market, here is Pluang's snapshot: out of 50 major cryptocurrencies, 22 rose and 27 fell today. Notable movers include EGLD (MultiversX) with a price of Rp74.813 and a 1-day change of +3.21%, MANA (Decentraland) at Rp1.789 down 3.04%, and LINK (Chainlink) at Rp235.737 down 3.02%. The most notable figure is EGLD's 100% buy order activity on Pluang.

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