Bithumb’s BTC holdings fall more than 5% over seven days

Bithumb posted the sharpest drop in BTC holdings among top exchanges over the past seven days, CoinCatcher reported. BTC held on exchanges is often interpreted as a gauge of potential selling pressure. According to CoinCatcher data, Bithumb’s BTC holdings fell about 5.15% over the past seven days to 32,000 BTC. By contrast, OKX’s holdings rose about 1.86% over the same period to 96,800 BTC. In separate exchange reserve flow data, Gate recorded the largest increase at $384 million, while OKX saw the largest decline at $152 million.