Bitcoin exchange reserves hit an all-time low

Bitcoin’s offer on exchanges fell to its lowest level, which increases expectations of a potential volatility peak.

According to data Cryptocurrency, the total quantity of bitcoin (BTC) Held in all centralized exchanges decreased to just under 2.5 million BTC at the end of May 2025. This regular drop was accompanied by a solid price rally, Bitcoin recently reaching a new record greater than $ 111,500.

The data indicate a significant divergence between exchange reserves and prices. Although the amount of bitcoin maintained on the scholarships has been down, its value has increased. On the cryptocurrency table, this is illustrated by a white line that moves for the price, and a sloping blue line down for the reserves.

Historically, a drop in Bitcoin supply on scholarships has increased prices, especially when demand is high. This is considered by many analysts as an indication that the market may be about to enter a new phase, where sharper movements are powered by one or the other of the directions.

Institutional accumulation seems to play a major role in the current market structure. The major holders, including portfolios with between 1,000 and 10,000 BTC, have regularly accumulated, a large part of the BTC being sent to cold storage.

Strategy added 7,390 BTC in May, bringing its total assets to 576,230 BTC, around 2.75% of the total offer, acquired at an average price of $ 69,726. Other public companies, including Gamescop and Metaplanet based in Japan, have also actively added to their assets.

Meanwhile, the funds negotiated in exchange Bitcoin brought in $ 5.23 billion in entries in last month, according to Sosovalue data. Several governments follow suit. Water and Pakistan have intensified their accumulation Efforts, while American legislators discuss the creation of a Bitcoin national reserve.

From a technical point of view, bitcoin seems to be in a waiting phase. Momentum indicators are mixed. The relative resistance index is 52, showing neutral impulse, while the divergence of mobile average convergence has become slightly down. The short -term mobile averages indicate a certain pressure downwards, but the longer -term perspectives remain intact.

Bitcoin is negotiated well above EMA and 200-day SMA, which are both on an upward trend. The rally can continue around $ 110,000 or more if Bitcoin is able to recover its short -term mobile average of around $ 106,000. However, a drop to $ 98,000, or even $ 94,000, is possible if it is unable to maintain support.