On-Chain6h agoยท1 min readยท9 views
3 Million BTC Still Sitting on Exchanges โ Danger or Opportunity?
15% of Bitcoin total supply is still parked on centralized exchanges. Post-FTX, you would think people learned. Think again.
Nearly 3 million BTC โ worth roughly $200 billion โ is still sitting on centralized exchanges. That is 15% of the entire circulating supply.
Post-FTX collapse, everyone screamed "not your keys, not your coins". But on-chain data tells a different story: people are STILL parking massive amounts of BTC on exchanges.
Why This Matters
BTC on exchanges = potential sell pressure. If the market panics, those 3 million BTC could get dumped at any moment. And with the Fear & Greed index sitting at 9 (EXTREME FEAR), that scenario is not far-fetched.The Other Side
High exchange balances also mean strong liquidity. For institutional buyers looking to accumulate, this is actually a sweet spot โ enough supply to buy without insane slippage. Historically, exchange balance drops before major bull runs (2020-2021). When you see withdrawals spiking, that is the accumulation signal.The Play
Watch exchange netflow. Outflow dominating = smart money is buying. Inflow rising = brace for selling pressure. Right now we are in peak fear territory. And fear = opportunity for those who are patient.Share๐ Twitter
