Bitcoin Exchange Reserves
Are People Selling Their Bitcoin?
When Bitcoin moves onto exchanges, it's usually being prepared to sell. When it leaves, the owner has decided to hold.
Higher means more Bitcoin is sitting on exchanges where it can be sold; lower means more has moved to private wallets.
Which way are coins moving right now?
Drift Toward SellMore Bitcoin is arriving on exchanges than leaving.
A sign more people are moving Bitcoin onto exchanges, which usually comes before selling.
How much Bitcoin is sitting on exchanges?
2.75M BTCOn exchanges right nowAbout 13.7% of all Bitcoin — ready to sell if owners decide to.176.2K BTCArrived todayTypical day: 82.6K BTC in.Above usual173.3K BTCLeft todayTypical day: 81.9K BTC out.Above usualIs that a lot compared to the past?
Mostly out of selling reach. Near a 4-year low — only 7% of the last 4 years had less Bitcoin sitting on exchanges than today.
2.67M → 3.53M BTC the 4-year range, low to high.112 days in the last 4 years had less Bitcoin on exchanges than today.Is the amount on exchanges growing or shrinking?
+0.11%Last 24 hoursMore supply moved to exchanges where it can be sold.Grew+0.27%Last 7 daysMore supply moved to exchanges where it can be sold.Grew+0.74%Last 30 daysMore supply moved to exchanges where it can be sold.GrewWhere does the rest of the Bitcoin sit?
WHERE ALL BITCOIN SITSLive data · as of Jun 29ExchangesLive2.75M BTC13.8%ETFsLive1.22M BTC6.13%MinersLive1.81M BTC9.11%Likely lost (10y+)Estimate (10y+ dormant)3.50M BTC17.6%Everyone elseComputed10.58M BTC53.3%Total Bitcoin in existence: about 19.86M BTC.
ETFs custody most of their Bitcoin on exchanges (Coinbase Custody), so the ETF and exchange slices partly overlap. Numbers are honest, the labels just count the same coins in two places.What does this mean for you?
More Bitcoin is arriving on exchanges than leaving — the sellable supply is growing.Only 7% of the last 4 years had less Bitcoin sitting on exchanges than today, and more is still arriving. About 2.75M BTC is on exchanges, roughly 13.7% of all Bitcoin.
Over the past 30 days a net 20.1K BTC has arrived on exchanges. Coins moving onto exchanges often — though not always — comes before selling.
It's worth watching, especially if the amount keeps climbing over the next few weeks. The read turns clearly cautious if the level pushes toward a multi-year high while coins are still arriving.
What to watch from here- More Bitcoin is arriving on exchanges than leaving over the past 30 days (+20.1K BTC). The amount sitting on exchanges is growing.
- Only 7% of the last 4 years had less Bitcoin sitting on exchanges than today — and the trend is still adding.
- Coins moving onto exchanges often (not always) precedes selling. Worth watching, especially if the level climbs further over the next few weeks.
Understanding Bitcoin Exchange Reserves and Flow
Exchanges like Coinbase, Binance, and Kraken are where most Bitcoin gets bought and sold. When someone moves coins onto an exchange, the most common next step is to sell them for cash. When someone moves coins off, they're usually putting Bitcoin into a wallet they control directly — a signal they want to hold rather than sell soon.
The two flow numbers — "Moving In" and "Moving Out" — are what gets sent onto and off exchanges each day. A single day rarely tells the story; what matters is which side is consistently larger over a week or a month. When "Moving Out" stays larger for weeks, the total amount sitting on exchanges (sometimes called "exchange reserves") shrinks and there are fewer coins available to sell. When "Moving In" stays larger, the opposite happens.
Don't read every drop in the amount on exchanges as a buy signal or every rise as a sell signal — coins move between exchanges constantly, and a chunk of the daily activity is operational rather than directional. The signal is the trend over weeks, combined with where the level sits historically. Reserves near a 4-year low with coins still leaving is a very different setup from reserves near a 4-year high with coins arriving.