Bitcoin Supply Surge on Exchanges Reverses Summer Outflow

Santiment data shows that 28,000 BTC returned to exchanges in under three weeks, reversing an 84% decline from summer's outflow and ending the supply squeeze.

This sudden increase in exchange reserves coincided with Bitcoin's price stabilizing around $63,500. The rise in liquid supply on exchanges suggests sellers currently hold more influence, reducing the chance of an immediate price surge driven by scarcity.

Retail traders are accumulating liquidity amid macroeconomic uncertainties and upcoming U.S. Federal Reserve meeting minutes. In contrast, institutional investors continue buying off-exchange.