Amr Taha2026-03-26

BTC Supply Tightens Across Exchanges as LTH Accumulation Hits Its Highest Level Since April 2025

Bitcoin is showing renewed signs of supply tightening, as large withdrawals continue across major exchanges while long term holder accumulation accelerates. A major Bitcoin withdrawal worth $1.57B left Bitfinex on March 16, a move that was already highlighted in my March 19 CQ update. Since then, the trend has expanded across other major exchanges, with a $678M withdrawal from OKX on March 22, a $728M withdrawal from Kraken on March 23, and another $400M Bitcoin outflow from Binance on March 25. This pattern suggests that the latest wave of withdrawals is no longer isolated to one platform. At the same time, LTH Position Change climbed to around 353,000 Bitcoin, its highest reading since April 20, 2025. It also moved well above the previous peak of 227,000 BTC recorded on Feb 2 / 2026. That combination is important. When Bitcoin leaves exchanges across several major platforms while long-term holders expand their positions, it usually signals lower immediate sell pressure and stronger conviction from investors with a longer time horizon. The broader takeaway is that Bitcoin’s sell-side liquidity may be tightening again. If this trend continues, the market could be entering another phase where reduced exchange balances and stronger long-term holder demand create a more supportive backdrop for price.