KuCoin BTC Reserves Collapse 77% as 14k Coins Flee, Liquidity Squeeze Looms

KuCoin BTC reserves have contracted 77 % since June 2023, sliding from 18,300 to 4,100 BTC after the exchange enforced mandatory KYC. On-chain data indicate privacy-focused users have withdrawn funds to dodge new checks, exposing the balance exchanges face between compliance and user retention.