Bitcoin Surges Above $107K as Exchange Supply Hits Three-Year Low and Float Shrinks

Bitcoin exchange reserves crash to 2.4M as wallets drain over 800K BTC since mid-2023, tightening available float rapidly.

Price holds above $107K as daily volume hits $27.76B and supply scarcity deepens amid long-term cold storage accumulation.

Only 1.1M BTC remains unmined as market cap climbs to $2.145T, reinforcing the bullish case backed by structural demand.

Bitcoin holds firm near $107,882 following a steep rally from $30K, while exchange supply hits a multi-year low. The combination of limited float and relentless demand continues to fuel momentum across the board.

Historic Outflows Define New Market Dynamic

Bitcoin reserves on exchanges have dropped to just 2.4 million lowest figure seen in more than three years. This rapid drawdown began accelerating as the price cleared the $80K mark in early 2025. The sharp inverse correlation has stayed consistent, reinforcing a supply-driven rally.

Source: (X)

As price action climbed steadily, total reserves fell by over 800K BTC since mid-2023. That drop isn’t random-it points to long-term accumulation by conviction holders. The trajectory of the chart shows price forming each higher leg while supply gets thinner with each move.

Bitcoin’s position above $107K reflects strong demand from deep-pocket buyers who continue pulling coins into cold storage. Every rally has drained more BTC off exchanges without any noticeable restocking. That structural imbalance has played a visible role in propping up the current breakout trend.

The formation unfolding here isn’t just noise-it’s a sign of constrained float and tightened availability. Price remains in control as exchange supply becomes less of a trading factor and more of a scarcity catalyst.

Supply Compression Meets Aggressive Demand Flow

Bitcoin’s market cap now holds steady at $2.145 trillion, reflecting investor commitment at this stage of the cycle. Daily volume has reached $27.76 billion, providing the liquidity required to support sharp upward bursts. Over the last 24 hours, the price ranged between $105,402 and $107,968, printing a clean intraday structure.

Source: Coingecko

The entire circulating supply remains at 19,886,459 BTC. Just over 1.1 million BTC remain unmined. That cap enforces real scarcity, especially when paired with the speed of exchange outflows. Is the float thin enough to trigger another breakout when volume returns?

With every metric aligning around tightening supply and strong capital flow, Bitcoin’s current breakout structure holds weight. The trend shows no sign of exhaustion, and the reserve curve is still sloping downward. While bulls control the narrative, all eyes remain locked on the next support flip near $108K.

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