{"id":162711,"date":"2026-05-08T11:00:32","date_gmt":"2026-05-08T11:00:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=162711"},"modified":"2026-05-08T11:00:32","modified_gmt":"2026-05-08T11:00:32","slug":"bitcoin-supply-shock-100000-btc-vanish-from-exchanges-in-under-90-days","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=162711","title":{"rendered":"Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days"},"content":{"rendered":"

Buyers on Binance shifted decisively in recent weeks. The exchange\u2019s seven-day net taker volume<\/a> swung from roughly -$1 billion in late March \u2014 a period dominated by sellers \u2014 to around $2.6 billion by early May, signaling that demand had returned with some force.<\/p>\n

Reserves Hit Levels Not Seen Since Late 2023<\/h2>\n

That shift in buyer behavior is playing out against a backdrop of shrinking Bitcoin<\/a> supply on major exchanges. Combined outflows from Binance, OKX, and Gemini have reached nearly 100,000 BTC since February \u2014 worth over $8 billion at current prices \u2014 pushing reserves to their lowest point in roughly two and a half years.<\/p>\n

Binance recorded the steepest drop. Its holdings fell from about 670,000 BTC in late February to nearly 620,000 BTC by May 7, dipping below levels last seen in December 2023.<\/p>\n

OKX shed close to 30,000 BTC over a similar stretch, sliding from 132,000 BTC in early March to around 102,000 BTC. Gemini followed a similar path, declining from 114,800 BTC in early February to 95,000 BTC.<\/p>\n

According to a crypto analyst, a broad drawdown<\/a> across multiple platforms carries more significance than outflows from a single exchange. When Bitcoin leaves several major venues at once, it points to a wider shift in how holders are managing their coins \u2014 not just routine transfers between wallets on the same platform.<\/p>\n

OTC Supply Tightens Alongside Exchange Withdrawals<\/h2>\n

The supply crunch isn\u2019t limited to exchange order books. Over-the-counter desk balances \u2014 used by large buyers and institutions to move Bitcoin privately, outside of public markets \u2014 have also tightened.<\/p>\n

The 30-day OTC balance change turned negative, posting a net decline of roughly 24,940 BTC. That\u2019s a sharp contrast to early February, when the same measure stood at nearly +25,300 BTC following a dip in Bitcoin\u2019s price toward $60,000.<\/p>\n

The reversal<\/a> indicates that fresh Bitcoin supply flowing into OTC channels has slowed considerably since that earlier sell-off.<\/p>\n

Accumulation Picks Up Among Long-Term Holders<\/p>\n

Long-term holders stepped up their buying during Bitcoin\u2019s recovery<\/a> toward $82,800. Data from CryptoQuant shows demand from accumulator addresses climbed to 264,000 BTC on May 6, up 60% from 164,440 BTC just two weeks earlier on April 23. The metric had bottomed near 100,000 BTC in mid-March before rebounding.<\/p>\n

Accumulator addresses typically represent buyers who add to their holdings consistently and rarely sell \u2014 a cohort watched closely as a gauge of conviction among experienced market participants.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Buyers on Binance shifted decisively in recent weeks. The exchange\u2019s seven-day net taker volume swung from roughly -$1 billion in late March \u2014 a period dominated by sellers \u2014 to around $2.6 billion by early May, signaling that demand had returned with some force. Reserves Hit Levels Not Seen Since Late 2023 That shift in […]<\/p>\n","protected":false},"author":0,"featured_media":162712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-162711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/162711"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=162711"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/162711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/162712"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=162711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=162711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=162711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}