<ul data-eligibleForWebStory="true"><li>The supply of Bitcoin on exchanges has dropped below 2.9 million, reflecting a trend that has accelerated since April, with 150,000 BTC moved to cold storage.</li><li>A decline in exchange balances is often viewed as a bullish signal by traders, indicating strong conviction and reduced sell pressure, potentially leading to a supply shock and significant price movement.</li><li>Institutions and ETFs are contributing to the decreasing supply, with over 100,000 BTC pulled from exchanges by corporate buyers and treasury firms. Bitcoin ETFs are also attracting significant inflows.</li><li>Despite bullish indicators, there is a split in market sentiment, with financial author Robert Kiyosaki warning of a possible Bitcoin price collapse in July. The market is now focused on whether the diminishing supply will trigger the next rally or a correction.</li></ul>

Bitcoin Supply on Exchanges Shrinks Below 2.9M — What It Could Mean

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