More and more investors are withdrawing their Bitcoins from exchanges

More and more BTC is being withdrawn from Exchanges. Is a Bitcoin shortage now looming? A look at what's left. The ongoing Bitcoin boom ensures that the digital gold is becoming scarcer at the trading venues. Even the jump above the $30,000 mark did not result in a mass influx of BTC units into exchange accounts. HODLN, the unwavering holding of BTC, appears to be growing in popularity over short-term profit-taking. As data from blockchain analytics portal ViewBase suggests, bitcoin holdings on exchanges have steadily declined over the past year. At the time of writing, 1,515,145 BTC are still stored in wallets tracked by ViewBase. The U.S. exchange Coinbase, in particular, saw a significant bloodletting in its bitcoin reserve over the past 30 days. Of the approximately 91,907 BTC withdrawn from exchange wallets, around 83,700 BTC are attributable to withdrawals from Coinbase wallets. Only Bitfinex (+10,576 BTC), Bitstamp (+1,028 BTC), Poloniex (1,022 BTC) and the mining pool BTC.top (+124 BTC) recorded an inflow. Nevertheless, according to ViewBase data, Coinbase still has the most bulging bitcoin reserve. Thus, crypto exchanges still hold only about 7.2 percent of the supply, which is limited to 21 million units. Data from blockchain analysts Glassnode also supports the impression of dwindling BTC reserves at the Exchanges. Only in the course of the Corona crash of mid-March 2020 was there a significant influx in exchange wallets.