Exchange BTC holdings drop by over 400K year-over-year

Bitcoin (BTC) reserves on centralized exchanges have fallen by more than 400,000 BTC year-over-year, CoinDesk reported, citing data from Santiment. Santiment noted that a decline in exchange reserves can signal an easing of long-term selling pressure and that this outflow has continued as Bitcoin trades around the $90,000 level. Meanwhile, data from Bitbo shows that exchange-traded funds (ETFs) and public companies now hold 1.5 million BTC and over one million BTC, respectively, accounting for approximately 11% of the total supply.