Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
XRP 
Dogecoin 
USDC 
Lido Staked Ether 
Cardano 
TRON 
Avalanche 
Shiba Inu 
Wrapped stETH 
Wrapped Bitcoin 
Toncoin 
Sui 
WETH 
Bitcoin Cash 
Chainlink 
Pepe 
Polkadot 
LEO Token 
Stellar 
NEAR Protocol 
Litecoin 
Aptos 
Wrapped eETH 
Uniswap 
USDS 
Cronos 
Hedera 
Internet Computer 
Ethereum Classic 
Bonk 
Kaspa 
Bittensor 
Render 
Ethena USDe 
POL (ex-MATIC) 
WhiteBIT Coin 
Dai 
MANTRA 
Artificial Superintelligence Alliance 
dogwifhat 
Arbitrum 
Monero 
Stacks 
Filecoin 
OKB 
Onchain Highlights
DEFINITION: The total amount of coins held on exchange addresses.
Bitcoin’s balance on exchanges has fluctuated throughout 2024, coinciding with a period of price fluctuation and asset increase. The charts reveal that the year-to-date (YTD) balance of Bitcoin on exchanges began around 3 million BTC and slightly increased to approximately 3.05 million BTC by early January before falling to 2.93 million BTC in June. However, since then, it has increased again to around 3.025 million.
Historically, exchange balances have provided insight into market sentiment. From 2012 to 2020, the consistent rise in exchange-held BTC reflected a growing Bitcoin supply. However, since 2020, trends have varied more, with periods of both accumulation and distribution. The tapering off of Bitcoin balances in the last three years suggests a more cautious holding of Bitcoin on exchanges.
A reduction in growth and a move toward self-custody could contribute to the relatively steady Bitcoin price around the $60,000 mark during this period, indicating a potential consolidation phase as the market digests recent changes. Sentiment appears to have shifted toward Bitcoin, moving into self-custody and becoming a bullish indicator for the market.
