The article discusses the significant decrease in Bitcoin holdings on major crypto exchanges, reaching a six-year low. This decline comes as the broader crypto market stabilizes after losses in recent months. The exchanges collectively control around 2.09 million BTC out of the total 21 million coins. The reduction in exchange reserves is attributed to more holders securing their coins in non-custodial wallets due to regulatory concerns. The regulatory crackdown, particularly by the United States Securities and Exchange Commission (SEC), has led to increased caution from traders and investors. The article highlights the regulatory turbulence in the crypto space and its impact on the future of digital asset trading and custody.
AI Sentiment: Neutral
