The supply of BTC on exchanges continues to shrink, the April halving had a significant impact on this.
Yesterday, the BTC exchange balance sagged to a three-year low.
CryptoQuant provided statistics showing that in January the figure was at 3,090,000 BTC and now it is at 2,825,703 BTC.
Part of the crypto withdrawn from exchanges is accumulated by the ETF market. In early June, only BlackRock’s IBIT held 274,000 BTC. In May, this market attracted about $2bn.
According to CoinShares, as of 17 June, the volume of investments in bitcoin through global crypto funds amounted to $73 billion. The outflow of funds began in mid-June, and last week it reached its highest level since March.
