Exchange BTC Balance
The total volume of Bitcoins held in exchange wallets. One of the strongest supply metrics.
—
What the metric shows
Exchange Balance shows how many coins physically sit where they can be instantly sold. This is a pure measure of available supply: the fewer coins on exchanges, the less selling pressure the market can withstand.
A sustained decline in the balance means investors are moving coins to cold wallets — accumulating for the long term. Historically, a multi-year downtrend in the balance accompanied bull markets, and sharp inflows to exchanges often preceded corrections.
How it is calculated
Exchange Balance = Σ balance of all known exchange addresses (SplyExNtv)
How to read the signal
| Zone | Value | Interpretation |
|---|---|---|
| Balance is falling | Coins are moving to cold storage — selling pressure decreases | |
| Balance is stable | Supply equilibrium | |
| Balance is rising sharply | Coins are deposited to exchanges — readiness to sell |