Bitcoin Exchange Reserves See $8B Outflow: Will BTC Rally Higher?

May 8, 2026 - 09:15
Bitcoin Exchange Reserves See $8B Outflow: Will BTC Rally Higher?
Bitcoin (BTC) reserves on major crypto exchanges have dropped to their lowest level since 2023, with nearly 100,000 BTC withdrawn from Binance, OKX and Gemini in less than three months. The outflows coincided with stronger demand from accumulator addresses, as the cohorts’ holdings have increased by 60.5% over the past two weeks.  Bitcoin exchange reserves...

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