BTC exchange reserves hit 8-year low while ETH holdings rise slightly

The amount of Bitcoin (BTC) held on exchanges has fallen to approximately 5.6% of the total circulating supply, its lowest level since 2018, according to on-chain analytics firm Santiment. A decline in exchange reserves typically indicates a trend toward long-term storage, signaling a potential easing of selling pressure. In contrast, the share of Ethereum (ETH) on exchanges has seen a slight increase, rising from 4.2% to 4.6% over the past ten days.