Bitcoin Held On Exchanges Hits Five Year Low
The amount of Bitcoin on exchanges is now at its lowest ratio since December 2017.
![Bitcoin Held On Exchanges Hits Five Year Low](/content/images/size/w1200/2023/05/glassnode.jpg)
- "The five and a half year low is a good sign of increased interest in self custody for traders, and less potentially at risk to be sold back to exchange wallets," market intelligence firm Santiment wrote.
![](https://www.nobsbitcoin.com/content/images/2023/05/image-42.png)
- Roughly 1.1 million BTC has left custodial services since the peak in March 2020, when 3.2 million BTC were sitting on exchange wallets.
- Approximately ~2 million BTC is still in exchange wallets.