24,073 BTC posts largest net exchange outflow in seven months as exchange-held supply falls to 6.50%
Santiment data show the share of Bitcoin held on exchanges has slipped to around 6.50% of total supply. Over the same period, Bitcoin has risen more than 33% since mid-August. On Binance, the 7-day average of midsize inflows fell from 4,155 BTC on August 16 to 2,648 BTC on October 7, while Coinbase Prime’s midsize inflows eased from 1,620 BTC to 1,370 BTC. Morgan Stanley’s MSBT fund drew $7.84 million in capital.