• bitcoinBitcoin (BTC) $ 107,124.00
  • ethereumEthereum (ETH) $ 2,479.39
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.23
  • bnbBNB (BNB) $ 654.21
  • solanaSolana (SOL) $ 153.13
  • usd-coinUSDC (USDC) $ 0.999860
  • tronTRON (TRX) $ 0.279710
  • dogecoinDogecoin (DOGE) $ 0.164417
  • staked-etherLido Staked Ether (STETH) $ 2,477.25
  • cardanoCardano (ADA) $ 0.567232
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,067.00
  • hyperliquidHyperliquid (HYPE) $ 39.32
  • bitcoin-cashBitcoin Cash (BCH) $ 524.24
  • wrapped-stethWrapped stETH (WSTETH) $ 2,992.29
  • suiSui (SUI) $ 2.79
  • chainlinkChainlink (LINK) $ 13.26
  • leo-tokenLEO Token (LEO) $ 9.07
  • avalanche-2Avalanche (AVAX) $ 17.66
  • stellarStellar (XLM) $ 0.237873
  • usdsUSDS (USDS) $ 0.999858
  • the-open-networkToncoin (TON) $ 2.88
  • shiba-inuShiba Inu (SHIB) $ 0.000011
  • wethWETH (WETH) $ 2,478.61
  • litecoinLitecoin (LTC) $ 86.50
  • wrapped-eethWrapped eETH (WEETH) $ 2,656.25
  • whitebitWhiteBIT Coin (WBT) $ 44.66
  • hedera-hashgraphHedera (HBAR) $ 0.151059
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 322.01
  • bitget-tokenBitget Token (BGB) $ 4.53
  • ethena-usdeEthena USDe (USDE) $ 0.999937
  • polkadotPolkadot (DOT) $ 3.36
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,094.00
  • uniswapUniswap (UNI) $ 7.06
  • aaveAave (AAVE) $ 272.02
  • pepePepe (PEPE) $ 0.000010
  • pi-networkPi Network (PI) $ 0.492158
  • daiDai (DAI) $ 0.999874
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • aptosAptos (APT) $ 4.77
  • okbOKB (OKB) $ 49.90
  • bittensorBittensor (TAO) $ 333.34
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 185.65
  • nearNEAR Protocol (NEAR) $ 2.13
  • internet-computerInternet Computer (ICP) $ 4.84
  • ethereum-classicEthereum Classic (ETC) $ 16.46
  • crypto-com-chainCronos (CRO) $ 0.080648
  • ondo-financeOndo (ONDO) $ 0.761338
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 24.95
  • kaspaKaspa (KAS) $ 0.074907
  • mantleMantle (MNT) $ 0.582008
  • fasttokenFasttoken (FTN) $ 4.41
  • gatechain-tokenGate (GT) $ 15.45
  • cosmosCosmos Hub (ATOM) $ 4.03
  • vechainVeChain (VET) $ 0.021035
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.668475
  • official-trumpOfficial Trump (TRUMP) $ 8.75
  • skySky (SKY) $ 0.080546
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 106,921.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.183645
  • arbitrumArbitrum (ARB) $ 0.332384
  • algorandAlgorand (ALGO) $ 0.189176
  • render-tokenRender (RENDER) $ 3.14
  • ethenaEthena (ENA) $ 0.263717
  • sei-networkSei (SEI) $ 0.286989
  • quant-networkQuant (QNT) $ 106.55
  • filecoinFilecoin (FIL) $ 2.27
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.50
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,482.22
  • worldcoin-wldWorldcoin (WLD) $ 0.883642
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998400
  • usdtbUSDtb (USDTB) $ 0.999887
  • kucoin-sharesKuCoin (KCS) $ 11.14
  • binance-staked-solBinance Staked SOL (BNSOL) $ 162.37
  • jupiter-exchange-solanaJupiter (JUP) $ 0.450321
  • usdt0USDT0 (USDT0) $ 0.999851
  • nexoNEXO (NEXO) $ 1.22
  • flare-networksFlare (FLR) $ 0.017331
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,823.68
  • fartcoinFartcoin (FARTCOIN) $ 1.14
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,596.04
  • spx6900SPX6900 (SPX) $ 1.19
  • bonkBonk (BONK) $ 0.000014
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999958
  • injective-protocolInjective (INJ) $ 10.49
  • blockstackStacks (STX) $ 0.651615
  • sonic-3Sonic (S) $ 0.309983
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • optimismOptimism (OP) $ 0.555473
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.47
  • paypal-usdPayPal USD (PYUSD) $ 0.999190
  • xdce-crowd-saleXDC Network (XDC) $ 0.058495
  • celestiaCelestia (TIA) $ 1.36
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,651.70
  • pax-goldPAX Gold (PAXG) $ 3,330.23
  • kaiaKaia (KAIA) $ 0.157598
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,602.19
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,130.00
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014363
  • wbnbWrapped BNB (WBNB) $ 655.01
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,072.00
  • dogwifcoindogwifhat (WIF) $ 0.848104
  • story-2Story (IP) $ 2.93
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,607.51
  • clbtcclBTC (CLBTC) $ 106,924.00
  • maal-chainMaal Chain (MAAL) $ 0.082679
  • tether-goldTether Gold (XAUT) $ 3,319.57
  • immutable-xImmutable (IMX) $ 0.435278
  • the-graphThe Graph (GRT) $ 0.082307
  • vaultaVaulta (A) $ 0.490130
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 171.37
  • msolMarinade Staked SOL (MSOL) $ 199.79
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.31
  • jito-governance-tokenJito (JTO) $ 2.14
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,676.42
  • ousgOUSG (OUSG) $ 111.62
  • flokiFLOKI (FLOKI) $ 0.000073
  • curve-dao-tokenCurve DAO (CRV) $ 0.510192
  • aerodrome-financeAerodrome Finance (AERO) $ 0.800797
  • theta-tokenTheta Network (THETA) $ 0.671637
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998433
  • lido-daoLido DAO (LDO) $ 0.731164
  • ronin-bridged-weth-roninRonin Bridged WETH (Ronin) (WETH) $ 2,478.72
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • galaGALA (GALA) $ 0.013924
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 106,610.00
  • ethereum-name-serviceEthereum Name Service (ENS) $ 18.69
  • jasmycoinJasmyCoin (JASMY) $ 0.012776
  • iotaIOTA (IOTA) $ 0.157808
  • zcashZcash (ZEC) $ 37.56
  • wrapped-hypeWrapped HYPE (WHYPE) $ 39.35
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • pyth-networkPyth Network (PYTH) $ 0.102702
  • usual-usdUsual USD (USD0) $ 0.997693
  • the-sandboxThe Sandbox (SAND) $ 0.237862
  • saros-financeSaros (SAROS) $ 0.220041
  • syrupMaple Finance (SYRUP) $ 0.531640
  • pendlePendle (PENDLE) $ 3.46
  • tezosTezos (XTZ) $ 0.533938
  • walrus-2Walrus (WAL) $ 0.415258
  • raydiumRaydium (RAY) $ 2.09
  • newton-projectAB (AB) $ 0.008537
  • tbtctBTC (TBTC) $ 106,841.00
  • super-oethSuper OETH (SUPEROETH) $ 2,477.32
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,478.49
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,621.35
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,644.47
  • flowFlow (FLOW) $ 0.322429
  • coredaoorgCore (CORE) $ 0.509494
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 107,011.00
  • chain-2Onyxcoin (XCN) $ 0.014756
  • bitcoin-svBitcoin SV (BSV) $ 24.92
  • true-usdTrueUSD (TUSD) $ 0.997867
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,478.64
  • falcon-financeFalcon USD (USDF) $ 0.999836
  • decentralandDecentraland (MANA) $ 0.251577
  • apecoinApeCoin (APE) $ 0.603074
  • staked-hypeStaked HYPE (STHYPE) $ 39.27
  • thorchainTHORChain (RUNE) $ 1.32
  • ripple-usdRipple USD (RLUSD) $ 0.999972
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999808
  • apenftAPENFT (NFT) $ 0.00000044
  • beldexBeldex (BDX) $ 0.060743
  • movementMovement (MOVE) $ 0.165099
  • kavaKava (KAVA) $ 0.395740
  • dexeDeXe (DEXE) $ 7.50
  • usddUSDD (USDD) $ 1.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.164423
  • morphoMorpho (MORPHO) $ 1.33
  • heliumHelium (HNT) $ 2.24
  • based-brettBrett (BRETT) $ 0.041471
  • starknetStarknet (STRK) $ 0.114186
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • compound-governance-tokenCompound (COMP) $ 43.77
  • usdbUSDB (USDB) $ 0.991527
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004020
  • mog-coinMog Coin (MOG) $ 0.000001
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006675
  • kaitoKAITO (KAITO) $ 1.59
  • venomVenom (VENOM) $ 0.184493
  • dydx-chaindYdX (DYDX) $ 0.510893
  • stader-ethxStader ETHx (ETHX) $ 2,635.55
  • neoNEO (NEO) $ 5.39
  • elrond-erd-2MultiversX (EGLD) $ 13.32
  • telcoinTelcoin (TEL) $ 0.004089
  • conflux-tokenConflux (CFX) $ 0.073321
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.997370
  • ketKet (KET) $ 0.366413
  • axie-infinityAxie Infinity (AXS) $ 2.23
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,479.32
  • ecasheCash (XEC) $ 0.000018
  • aioz-networkAIOZ Network (AIOZ) $ 0.308271
  • build-onBUILDon (B) $ 0.361833
  • ether-fiEther.fi (ETHFI) $ 0.945025
  • eosEOS (EOS) $ 0.490404

Bitcoin exchange supply plummets as BTC moves above $100,000

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Bitcoin exchange supply plummets as BTC moves above $100,000

Bitcoin’s (BTC) exchange supply, a measure of how many units of the cryptocurrency are readily available to trade, has steadily been dropping over the past month — with the trend accelerating after BTC crossed the $100,000 mark on May 9.

On May 13, 2.46 million BTC were being held on exchanges, per data retrieved from crypto market intelligence platform CryptoQuant — roughly a month ago, on April 14, exchange supply amounted to 2.56 million Bitcoins — meaning that 3.9% of the BTC held on exchanges has been withdrawn in the course of a month.

Bitcoin exchange supply plummets as BTC moves above $100,000

When cryptocurrencies are withdrawn from exchanges, the most common destination are private wallets meant for long-term storage. Beyond demonstrating long-term bullishness, this tends to reduce selling pressure.

Shrinking Bitcoin exchange supply and bullish metrics signal that the current BTC slump is temporary

As impressive as Bitcoin’s short-term performance has been, the rally has cooled off significantly. At press time, BTC was changing hands at a price of $103,260, with weekly returns standing at 6.51%. However, in the last 24 hours, the cryptocurrency is only in the green by 0.10% — having marked a 1.5% drop from a daily high of $104,840.

Bitcoin exchange supply plummets as BTC moves above $100,000

While the prospect of BTC testing support at $100,000 remains a distinct possibility, the wider crypto market’s recovery, as well as positive price action from equities make a drop below support unlikely.

Conversely, several strongly bullish factors are at play. The move above $100,000 caused open interest, a measure of derivatives positions, to reach a 3-month high. Since roughly $20 million in short positions were liquidated between May 13 and May 14 alone, speculative trading is trending toward the bullish side.

Featured image via Shutterstock

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