EXCHANGE RESERVES AREN'T CRASHING. THEY'RE EVOLVING.

This isn't a supply shock. It's redistribution.

Spot BTC ETFs need dedicated reserves.

Corporate treasuries are stacking off-exchange.

DeFi growth unlocks BTC collateral.

The post-FTX shift means self-custody.

Regulation pushes users away from custodians.

"Not your keys, not your Bitcoin" is now behavior.

Exchange reserves are spreading across a mature ecosystem.

This quietly supports $BTC, $ETH, and $SOL.Smart money sees structure.

#CryptoMarket #OnChainData #Bitcoin #SmartMoney 🚀

BTC
BTCUSDT
87,445.4
+0.21%

ETH
ETHUSDT
2,923.17
-0.18%

SOL
SOLUSDT
121.54
-0.53%