Bitcoin, long hailed as “digital gold,” is showing signs of becoming increasingly scarce on major trading platforms. According to Matthew Sigel, head of digital research at investment firm VanEck, exchange reserves are “almost out of Bitcoin,” a phenomenon not seen in seven years. His comments, relayed by TradingView, suggest that available supply on exchanges may soon reach a critical threshold.
Data from Cointelegraph backs up this assessment. The site reports that only about 2.8 million BTC remain on centralized platforms, the lowest figure since 2019.
Two main dynamics appear to be driving this contraction. First, an increasing number of investors are opting to transfer their holdings into private, offline wallets to bolster security and retain direct control of their assets. Second, the rapid rise of Bitcoin exchange-traded funds (ETFs) has funneled substantial volumes of BTC into investment products, further draining the amount accessible on exchanges.
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