Vanishing Reserves: What Historic Lows in Bitcoin Exchange Supply Mean for Your Next Trade
Bitcoin reserves held on major centralized exchanges have fallen to levels not seen in years, creating conditions that can dramatically amplify price swings and erode execution quality for retail traders. Understanding why liquidity is thinning—and how to navigate it—has become one of the most critical skills in today's market. This analysis breaks down the on-chain evidence and offers concrete guidance for trading in a structurally shallow environment.