The number of Bitcoin wallets with a balance on the network has reached an all-time high of 58.45 million, while the supply on exchanges has fallen to the lowest point in the past seven years.

The leading cryptocurrency Bitcoin #CryptoMarketsDipSlightly BTC( continues to set new records, attracting both individual and institutional investors. Recent data shared by on-chain analytics platform Santiment shows that the number of active users on the network is rapidly increasing, and investors are withdrawing their assets from exchanges to adopt long-term storage methods. This trend is seen as an important signal that overall market confidence is increasing.

According to the data, the number of Bitcoin wallets with a balance has surpassed 58.45 million, reaching a historic peak. The addition of 1.69 million new wallets to the network in just the last six months demonstrates a 3.0% increase in adoption rate. Analyzing the chart data, despite market fluctuations, new investors continue to join the ecosystem, and the network is expanding to a broader audience every day.

Bitcoin Supply on Exchanges Drops to 2017 Levels
One of the most striking points of the news is the amount of Bitcoin held on exchanges. The total assets in known exchange wallets have decreased to 1.17 million )BTC(, reaching the lowest level since December 2017. The withdrawal of assets by investors from exchanges is generally interpreted as a sign that selling pressure will decrease and confidence in offline storage methods is increasing.

The transfer of supply from exchanges to personal wallets emphasizes Bitcoin’s scarcity feature. In an environment where demand continues to grow, the reduction of liquid supply on exchanges could exert upward pressure on prices. The long-term holding trend among investors indicates that the cryptocurrency ecosystem is maturing, and the “HODL” culture has become an established strategy.

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