400,000 BTC Exit Exchanges Amid Falling Supply and Rising Price

• Over 400,000 BTC left exchanges since December 2024, reducing trading supply.
• Bitcoin price rose 50% while exchange balances hit a yearly low.
• A bullish pennant pattern signals an 18% breakout toward $127,342.

Over the past six months, Bitcoin exchange reserves fell by 400,000 BTC, according to on-chain data from CryptoQuant. A chart shared by Crypto Rover on June 16 shows reserves dropped from around 2.8 million BTC in late December 2024 to 2.4 million by mid-June 2025.

During the same period, Bitcoin’s price increased from below $70,000 to over $105,000. The chart shows an inverse pattern between price and supply on exchanges, with assets moving off platforms while the price climbed.

Lower Exchange Balances May Trigger Volatility

The  data from CryptoQuant shows that Bitcoin’s availability on exchanges reached its lowest point in over a year. This trend intensified during May and June 2025. At the same time, the price showed stronger gains, with the upward movement accelerating past the $90,000 mark.

This timing suggests that large investors may have added to their positio…

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