The BTC balance on the exchange has sharply decreased over the past few weeks, currently reaching a six-year low.

[The balance of BTC on exchanges has sharply declined over the past few weeks, currently at a six-year low] Bitcoin surpassed $125,700 on Sunday, setting a new all-time high. At the same time, the Bitcoin balance on Centralized Exchanges has fallen to a multi-year low. According to Glassnode data, the exchange balance is only about 2.83 million coins, the lowest in six years; CryptoQuant's statistics show an even lower figure of 2.45 million coins, marking a seven-year low. Both platforms indicate that the BTC exchange balance has sharply declined over the past few weeks, with Glassnode noting that over 114,000 BTC (approximately $14 billion) have flowed out of exchanges in the past two weeks. Analysts believe that the shift of funds towards self-custody and institutional accounts indicates increased confidence in holding coins, and tightening supply may become a driving force for further price increases.