Bitcoin Held on Trading Platforms Continues to Drop Lower, Over 68% of the Total Held by 5 Exchanges

  • Bitcoin (BTC)¬†continues to be removed from centralized cryptocurrency exchanges as the number is much lower than the lows that were recorded on November 15, 2020.
  • That metric changed real quick as the 2.532 million bitcoin high on May 7, dropped over the course of the following week down 2.21% lower to 2.476 million BTC. Out of $73 Billion in Bitcoin Held on Trading Platforms, 5 Exchanges Hold Over $50 Billion.
  • The crypto exchange Kraken is the fifth largest BTC holder with 102,900 bitcoin held or 4.07%. Between the top five exchanges, as far as BTC reserves held is concerned, the group of trading platforms holds 68.66% of the 2.503 million bitcoin.