Fidelity Digital Assets Highlights Bitcoin Supply Drain
Fidelity Investments, a major asset management firm in the United States, recently stated on social media platform X that Bitcoin supply is rapidly flowing out of exchanges, driven by substantial purchases from publicly listed companies. This trend is expected to accelerate over the coming months.
According to statistics from Fidelity Digital Assets, there are currently only about 2.6 million Bitcoins (BTC) remaining on global exchanges, marking the lowest level since November 2018. Since November 2024, over 425,000 Bitcoins have been withdrawn from exchanges, indicating an increasing willingness among investors and institutions to “hold for the long term.”
On the other hand, since the 2024 U.S. presidential election, publicly listed companies have accumulated nearly 350,000 Bitcoins. As we enter 2025, this buying frenzy shows no signs of slowing, with an average of over 30,000 Bitcoins being added to corporate balance sheets each month, reflecting the rapid acceptance of Bitcoin by traditional financial institutions.
With the significant decrease in the amount of Bitcoin held on exchanges, coupled with a continuous increase in market demand, market participants widely expect that Bitcoin’s liquidity will be affected in the future, potentially driving prices higher. Fidelity also noted that Bitcoin is gradually shifting away from a trading structure primarily dominated by retail investors towards a model of asset reserves led by large institutions. This not only symbolizes the maturation of the market but may also provide support for a new bull market for Bitcoin.