By wiroses on Skatehive
Market Snapshot Current State (October 15, 2025): • Bitcoin Price: $112,404 • Exchange Reserves: 2.4M BTC (lowest since 2015) • Illiquid Supply: 14.4M BTC (72% of circulation) • Daily Mining Output: 450 BTC • Key Metric: Exchange reserves have dropped to approximately 2.4 million BTC, the lowest level in over a decade The Market Periodical While markets obsess over ETF inflows and institutional adoption, a far more significant force is quietly reshaping Bitcoin’s price discovery mechanism. Over 550,000 BTC have left exchanges in less than a year Securities.io, and the mathematics of what happens next are both simple and staggering. The Vanishing Act Nobody’s Watching Bitcoin reserves on centralized exchanges have fallen from over 3.5 million BTC in 2020 to approximately 2.4 million BTC The Market Periodical as of October 2025. This represents a multi-year low, with the steepest reserve decline coinciding with Bitcoin’s latest surge The Tradable. Think about what this means: the entir