Bitcoin [BTC] Held in Exchange Wallets Rising at Pace of $1.16B a Month, Data Show

BTC exchange net position change vs BTC's price since 2020. (Glassnode)

Blockchain analytics firm Glassnode’s bitcoin exchange net position change metric, which measures the number of coins held by exchange wallets on a specific date compared to the same date four weeks ago, rose to 31,382.43 BTC ($1.16 billion) on Sunday, the highest since May 11, 2023. That has lifted the total balance held on exchanges to 2.35 million BTC.

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