Bitcoin (BTC) has set a new all-time high of $113,923, propelling the broader cryptocurrency market into an upward trend. Despite this surge, holders are showing an increasing reluctance to sell, indicating a confident outlook for future performance.
Bitcoin Soars as Exchange Reserves Decline
On July 10, 2025, Bitcoin hit an impressive new peak, reaching $113,923. However, as the price climbs, data shows a continued decline in exchange reserves. Analysts note that many BTC holders are opting to keep their coins off exchanges, a trend they’ve observed intensifying over recent months.
Bitcoin’s price has surged over 98% in the past year and more than 13% since its recent lows in June. While many altcoins are experiencing volatility due to profit-taking, Bitcoin holders remain particularly resistant to selling, hinting at a growing preference for long-term storage and self-custody.
This behavior suggests a potential supply shock, as decreased availability of Bitcoin on exchanges could limit sudden market drops while simultaneously supporting price growth.
Investor Reluctance Signals Confidence
The outlook from Santiment analysts aligns with findings from CryptoQuant, which notes that Bitcoin exchange reserves are at their lowest levels in seven years. For the first time since 2018, these reserves have fallen below 15% of the total supply—a development considered bullish due to the increasing scarcity of Bitcoin.
“Bitcoin has reached an all-time high, yet selling pressure is virtually non-existent,” CryptoQuant reported. “Daily inflows to exchanges have plummeted to just 18,000 BTC, the lowest since 2015—a drop of 78% since the $100,000 breakthrough last November. Holders are not rushing to sell.”
Analysts emphasize that the reluctance to return Bitcoin to exchanges reflects a bullish trend and an increasing preference for personal storage. This sentiment is particularly prominent among long-term holders who seem content to keep their assets offline.
Meet William, a proud Bethel University alumnus with a fervent passion for lifestyle and culture topics. His keen interest doesn’t stop there; he’s also deeply engrossed in current events of all kinds. William dedicates himself wholeheartedly to this site, thriving on the collaborative energy he shares with Suzanne, his long-standing partner in crime.
Having navigated their university courses side by side for years, their teamwork on the site is nothing short of dynamic. Together, they bring a unique blend of insights, proving that two heads are indeed better than one in delivering compelling content.
