Bitcoin Exchange Supply Hits All-Time Low With 58K BTC Pulled Out Of Coinbase
Highlights
- Bitcoin exchange supply recorded the all-time low recently.
- The BTC price experienced volatility last week.
- Bitcoin's value rebounded from a low of $60,000 to above $67,000.
Bitcoin (BTC), the world’s oldest and largest crypto, has caught massive attention lately owing to extreme volatility. The Bitcoin price has been swinging between the $60,000 and $67,000 levels after touching the all-time high of $73,750. Moreover, Bitcoin is being drained out of the exchanges as its exchange supply has hit an all-time low.
Bitcoin Exchange Supply Touches All-Time Low
According to Coinglass, the Bitcoin exchange supply slumped to a low of $1.79 billion on Friday, March 23. Furthermore, the Coinbase Pro exchange served as the prime contributor to the BTC drain from crypto exchanges. On Friday, over 14,800 BTC were withdrawn from Coinbase Pro.
In addition, the last 30 days witnessed a drain of nearly 58,000 BTC from Coinbase Pro . Furthermore, the Bitcoin drain led to a major rebound in the BTC price recently as its scarcity escalated owing to the supply shock. Hence, the Bitcoin price sustained the $67,000 level, recovering from the low of $60,000.
On the other hand, the BTC exchange supply also recovered as over 1,500 BTC flowed into Coinbase Pro on Monday, March 25. However, the drain from Binance, Kraken, and Bybit continued. Binance accounts for nearly 4,000 Bitcoin withdrawal in the past 30 days. Moreover, Bitfinex accounted for a drain of over 30,400 BTC in a month.
Also Read: Bitcoin ETF Weekly Outflows Reach $900M Amid Crypto Market Crash, What’s Next?
BTC Price Recovery
The Bitcoin price rebounded massively and traded at $67,139.08, gaining 4.68% at press time on Monday, March 25. Whilst, the crypto boasted a market capitalization of $1.32 billion. Furthermore, the 24-hour trade volume for BTC surged 32.14% to $29.95 billion.
Amid the price rebound, over $61.84 million worth of Bitcoin holdings were liquidated. Shorts dominated the arena and accounted for a massive $46.27 million liquidations in the past 24 hours. The buy back of their positions would lead to a higher price surge in the short term.
However, after the short squeeze, a massive plunge in BTC value could be registered. Moreover, analysts like Michaël van de Poppe expect a 10-40% correction in the BTC price before the Halving event. Whilst, a new peak awaits after the Halving in April this year.
Also Read: Bitcoin (BTC) Mining Difficulty Hits ATH As Halving Sentiment Reboots
- BitMine’s Tom Lee Calls Dip Golden Opportunity as Trump Sets Meeting With China on U.S. Tariffs
- Pi Network Set for Massive Growth as App Studio Upgrade Expands Pi Coin Utility
- US Shutdown Beyond 40 Days To Delay Crypto ETF Approval, But Demand Spikes
- OpenSea Set to Reward Investors With Massive SEA Token Airdrop Ahead of Q1 2026 Launch
- Cardano’s Charles Hoskinson Addresses Allegations of Diverting Treasury Funds
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
- HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
- XRP Price Prediction As Ripple Announces $1B Treasury Plans – Is a Rebound Imminent?
- Bitcoin Price Prediction Amid Gold’s Parabolic Rally to Second-Largest Reserve Asset
- 3 Altcoins Defying the Market Momentum In October 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
