Bitcoin Reserves Rebound as Institutional Demand Shifts
After six weeks of continuous withdrawals that reduced Bitcoin reserves on exchanges by 33,000 BTC, a rapid reversal occurred with 28,000 BTC returning to centralized platforms in less than three weeks.
This rebound erases 84% of the previous supply drain, reducing fears of an immediate Bitcoin shortage.
The increase in reserves highlights the complex dynamics between institutional ETF demand, which often sources Bitcoin off-book via OTC markets, and liquidity on public exchanges.