Bitcoin Exchange Reserves Hit a Record Low — So Why Isn’t the Price Rising?

Investors have long viewed exchange reserves as a key indicator of accumulation and asset scarcity. Bitcoin held on exchanges reached a new all-time low this month. However, as Bitcoin enters the final days of 2025, the price risks closing the year below its opening level. Why do falling exchange reserves fail to support higher prices? How Declining Exchange Reserves Are Backfiring on Bitcoin’s Price Under normal conditions, a sharp drop in exchange reserves signals that long-term investors are moving BTC to cold wallets source: https://beincrypto.com/bitcoin-exchange-reserves-hit-a-new-low-but-price-fails-to-rise/